Up Capital Management Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 80,617 shares of the exchange traded fund’s stock, valued at approximately $7,837,000. SPDR Bloomberg High Yield Bond ETF makes up approximately 7.0% of Up Capital Management Inc.’s portfolio, making the stock its 6th largest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of JNK. Legacy Wealth Managment LLC ID bought a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $26,000. Caitlin John LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $29,000. Evolution Wealth Management Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 175 shares during the period. Prestige Wealth Management Group LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $35,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $35,000. Institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Stock Performance
NYSEARCA:JNK opened at $96.39 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24. The stock has a fifty day moving average of $96.38 and a 200 day moving average of $96.72. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.
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.
Recommended Stories
- Five stocks we like better than SPDR Bloomberg High Yield Bond ETF
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
Want to see what other hedge funds are holding JNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report).
Receive News & Ratings for SPDR Bloomberg High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
