Hibernia Wealth Partners LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 103.4% in the 4th quarter, HoldingsChannel reports. The firm owned 128,660 shares of the exchange traded fund’s stock after purchasing an additional 65,393 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up 3.8% of Hibernia Wealth Partners LLC’s investment portfolio, making the stock its 7th biggest position. Hibernia Wealth Partners LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $12,507,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of JNK. American Family Investments Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $202,974,000. Northwestern Mutual Investment Management Company LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $174,978,000. State Street Corp grew its stake in SPDR Bloomberg High Yield Bond ETF by 14.2% during 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 purchasing an additional 1,577,119 shares in the last quarter. JPMorgan Chase & Co. grew its stake in SPDR Bloomberg High Yield Bond ETF by 143.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after purchasing an additional 865,123 shares in the last quarter. Finally, TD Asset Management Inc acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $80,090,000. 87.54% of the stock is owned by institutional investors and hedge funds.
SPDR Bloomberg High Yield Bond ETF Price Performance
JNK opened at $96.28 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The business has a fifty day moving average price of $96.32 and a 200 day moving average price of $96.77.
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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