Jessup Wealth Management Inc Has $12.32 Million Stock Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Jessup Wealth Management Inc raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 13.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 125,704 shares of the exchange traded fund’s stock after acquiring an additional 14,724 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up approximately 4.6% of Jessup Wealth Management Inc’s portfolio, making the stock its 7th biggest position. Jessup Wealth Management Inc’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $12,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in JNK. State Street Corp grew its stake in SPDR Bloomberg High Yield Bond ETF by 19.9% during the 2nd quarter. State Street Corp now owns 11,085,683 shares of the exchange traded fund’s stock worth $1,078,304,000 after buying an additional 1,842,852 shares during the last quarter. Assetmark Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 6.5% during the second quarter. Assetmark Inc. now owns 5,066,020 shares of the exchange traded fund’s stock worth $492,772,000 after acquiring an additional 309,551 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock worth $258,494,000 after acquiring an additional 2,630,378 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $118,767,000. Finally, Man Group plc raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 24.6% in the 2nd quarter. Man Group plc now owns 1,111,502 shares of the exchange traded fund’s stock valued at $108,116,000 after purchasing an additional 219,125 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

JNK stock opened at $97.69 on Friday. The stock has a market capitalization of $7.67 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The firm has a 50 day moving average of $97.08 and a 200 day moving average of $97.15.

About SPDR Bloomberg High Yield Bond ETF

SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.