Envestnet Portfolio Solutions Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 189.2% during the second quarter, HoldingsChannel.com reports. The firm owned 593,914 shares of the exchange traded fund’s stock after acquiring an additional 388,579 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $57,236,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Brown Lisle Cummings Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at $27,000. Ascentis Independent Advisors purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth $29,000. NFSG Corp boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 78.3% in the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 141 shares during the last quarter. Evolution Wealth Management Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 104.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 175 shares during the last quarter. Finally, Prestige Wealth Management Group LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Trading Down 0.8%
NYSEARCA:JNK traded down $0.75 on Wednesday, hitting $93.97. 3,715,944 shares of the stock were exchanged, compared to its average volume of 3,924,531. The stock has a market cap of $6.68 billion, a PE ratio of 19.96 and a beta of 0.41. The stock has a fifty day moving average of $95.50 and a 200-day moving average of $95.91. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $93.93 and a fifty-two week high of $98.14.
SPDR Bloomberg High Yield Bond ETF Company 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.
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