Assetmark Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,875,122 shares of the exchange traded fund’s stock after acquiring an additional 191,636 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises approximately 1.1% of Assetmark Inc.’s investment portfolio, making the stock its 14th biggest holding. Assetmark Inc. owned approximately 0.08% of SPDR Bloomberg High Yield Bond ETF worth $562,367,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of JNK. Independent Financial Group LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the first quarter worth approximately $553,000. D.A. Davidson & CO. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 7.0% during the 1st quarter. D.A. Davidson & CO. now owns 40,456 shares of the exchange traded fund’s stock worth $3,873,000 after purchasing an additional 2,660 shares during the period. Three Seasons Wealth LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at $299,000. NFSG Corp raised its position in SPDR Bloomberg High Yield Bond ETF by 78.3% during the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 141 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 5.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 296,086 shares of the exchange traded fund’s stock valued at $28,341,000 after purchasing an additional 15,621 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Trading Up 0.0%
JNK opened at $96.08 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 business’s fifty day simple moving average is $96.15 and its 200-day simple moving average is $96.59. The company has a market capitalization of $7.23 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.
Read More
- Five stocks we like better than SPDR Bloomberg High Yield Bond ETF
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
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.
