SPDR Bloomberg High Yield Bond ETF $JNK Shares Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 149,647 shares of the exchange traded fund’s stock after buying an additional 17,549 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $14,550,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% in the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after acquiring an additional 1,577,119 shares during the period. Assetmark Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 3.7% in the 4th quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock worth $552,492,000 after purchasing an additional 203,301 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% in 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 purchasing an additional 61,514 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.9% during 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 buying an additional 80,325 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% during the third quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after buying an additional 865,123 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.75 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $93.38 and a 1-year high of $98.24. The company has a market capitalization of $7.23 billion, a P/E ratio of 19.96 and a beta of 0.43. The business’s fifty day moving average price is $96.38 and its two-hundred day moving average price is $96.95.

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.