Schwallier Wealth Management LLC Grows Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Schwallier Wealth Management LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,366 shares of the exchange traded fund’s stock after acquiring an additional 1,098 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up 0.9% of Schwallier Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Schwallier Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock valued at $473,877,000 after purchasing an additional 517,382 shares in the last quarter. Wells Fargo & Company MN grew its holdings in SPDR Bloomberg High Yield Bond ETF by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,449,296 shares of the exchange traded fund’s stock worth $424,774,000 after acquiring an additional 278,292 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in SPDR Bloomberg High Yield Bond ETF by 0.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,362,977 shares of the exchange traded fund’s stock valued at $322,833,000 after purchasing an additional 15,380 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,133,763 shares of the exchange traded fund’s stock valued at $299,180,000 after purchasing an additional 115,211 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after purchasing an additional 8,872,450 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.0 %

JNK stock opened at $95.03 on Tuesday. The business has a 50 day moving average price of $94.86 and a two-hundred day moving average price of $95.87. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 19.36 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.41 and a twelve month high of $97.90.

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.