Everstar Asset Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 69,092 shares of the exchange traded fund’s stock, valued at approximately $6,716,000. SPDR Bloomberg High Yield Bond ETF comprises approximately 3.2% of Everstar Asset Management LLC’s holdings, making the stock its 4th biggest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $26,000. Caitlin John LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $29,000. Brown Brothers Harriman & Co. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $35,000. Olistico Wealth LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $36,000. Finally, Pacifica Partners Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% in the 4th quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 310 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.
SPDR Bloomberg High Yield Bond ETF Stock Performance
SPDR Bloomberg High Yield Bond ETF stock opened at $95.72 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 market capitalization of $7.24 billion, a P/E ratio of 19.96 and a beta of 0.41. The stock has a fifty day moving average of $96.11 and a 200-day moving average of $96.87.
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.
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