TD Asset Management Inc bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 823,882 shares of the exchange traded fund’s stock, valued at approximately $80,090,000. TD Asset Management Inc owned approximately 1.01% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of JNK. Creative Planning lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 16.6% during the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after acquiring an additional 629 shares during the period. Franklin Resources Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 124 shares during the period. NewEdge Advisors LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 27.5% during the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock worth $6,987,000 after acquiring an additional 15,491 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock worth $37,415,000 after acquiring an additional 13,500 shares during the period. Finally, Ieq Capital LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 1.1% during the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock worth $6,124,000 after acquiring an additional 712 shares during the period. Institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Trading Down 0.4%
Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $95.73 on Friday. The business’s fifty day simple moving average is $96.25 and its 200 day simple moving average is $96.78. The firm has a market capitalization of $7.24 billion, a P/E ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24.
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.
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