Integrated Wealth Concepts LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 52.8% in the second quarter, Holdings Channel.com reports. The fund owned 85,430 shares of the exchange traded fund’s stock after purchasing an additional 29,531 shares during the period. Integrated Wealth Concepts LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $8,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning grew its holdings in SPDR Bloomberg High Yield Bond ETF by 16.6% during the 2nd quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after buying an additional 629 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 124 shares during the period. NewEdge Advisors LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% in the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock valued at $6,987,000 after acquiring an additional 15,491 shares during the period. The Manufacturers Life Insurance Company grew its stake in SPDR Bloomberg High Yield Bond ETF by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock valued at $37,415,000 after acquiring an additional 13,500 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 1.1% during the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after acquiring an additional 712 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.
SPDR Bloomberg High Yield Bond ETF Trading Down 0.4%
SPDR Bloomberg High Yield Bond ETF stock opened at $94.63 on Friday. The firm’s 50 day simple moving average is $95.73 and its 200 day simple moving average is $96.05. The firm has a market capitalization of $6.84 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $94.49 and a 1-year high of $98.24.
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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