Sumitomo Mitsui Trust Group Inc. Trims Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Sumitomo Mitsui Trust Group Inc. lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 210,000 shares of the exchange traded fund’s stock after selling 13,000 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $20,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% in the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after buying an additional 1,577,119 shares during the last quarter. Assetmark Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 8.2% during the third quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock valued at $537,003,000 after acquiring an additional 414,165 shares in the last quarter. Clark Capital Management Group Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 1.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock valued at $341,435,000 after acquiring an additional 61,514 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock valued at $276,978,000 after acquiring an additional 80,325 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 143.7% in the third quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock valued at $143,764,000 after acquiring an additional 865,123 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.4%

SPDR Bloomberg High Yield Bond ETF stock opened at $97.08 on Friday. The firm has a market cap of $7.08 billion, a PE ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $92.93 and a 12 month high of $98.24. The stock’s 50 day simple moving average is $96.41 and its two-hundred day simple moving average is $96.98.

SPDR Bloomberg High Yield Bond ETF Profile

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.