Northwestern Mutual Investment Management Company LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,800,000 shares of the exchange traded fund’s stock, valued at approximately $174,978,000. SPDR Bloomberg High Yield Bond ETF comprises 2.0% of Northwestern Mutual Investment Management Company LLC’s holdings, making the stock its 9th largest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,297,491 shares of the exchange traded fund’s stock worth $126,129,000 after acquiring an additional 19,208 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 5.7% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 423,504 shares of the exchange traded fund’s stock worth $41,169,000 after acquiring an additional 22,691 shares during the period. Catalyst Financial Partners LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 10.3% during the fourth quarter. Catalyst Financial Partners LLC now owns 13,985 shares of the exchange traded fund’s stock worth $1,359,000 after acquiring an additional 1,304 shares during the period. American Family Investments Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $202,974,000. Finally, Ameritas Advisory Services LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 17,017.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 67,786 shares of the exchange traded fund’s stock worth $6,589,000 after acquiring an additional 67,390 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.
SPDR Bloomberg High Yield Bond ETF Stock Down 0.4%
Shares of NYSEARCA:JNK opened at $95.72 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24. The company’s fifty day simple moving average is $96.11 and its 200 day simple moving average is $96.87. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.
SPDR Bloomberg High Yield Bond ETF Company 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.
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