Navigation Wealth Management Inc. Acquires 45,950 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Navigation Wealth Management Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 304.8% during the third quarter, HoldingsChannel.com reports. The firm owned 61,024 shares of the exchange traded fund’s stock after purchasing an additional 45,950 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for 8.8% of Navigation Wealth Management Inc.’s portfolio, making the stock its 2nd biggest position. Navigation Wealth Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $5,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its stake in SPDR Bloomberg High Yield Bond ETF by 19.9% in the 2nd quarter. State Street Corp now owns 11,085,683 shares of the exchange traded fund’s stock valued at $1,078,304,000 after buying an additional 1,842,852 shares during the last quarter. Assetmark Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 6.5% in the 2nd quarter. Assetmark Inc. now owns 5,066,020 shares of the exchange traded fund’s stock valued at $492,772,000 after acquiring an additional 309,551 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock valued at $258,494,000 after acquiring an additional 2,630,378 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $118,767,000. Finally, Man Group plc raised its holdings in SPDR Bloomberg High Yield Bond ETF by 24.6% during the second quarter. Man Group plc now owns 1,111,502 shares of the exchange traded fund’s stock worth $108,116,000 after acquiring an additional 219,125 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $97.74 on Thursday. The stock has a 50 day moving average price of $97.14 and a 200 day moving average price of $97.17. The stock has a market capitalization of $7.67 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24.

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.