Global Endowment Management LP Acquires 20,550 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Global Endowment Management LP increased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 137.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,550 shares of the exchange traded fund’s stock after purchasing an additional 20,550 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises about 0.4% of Global Endowment Management LP’s investment portfolio, making the stock its 28th largest position. Global Endowment Management LP’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JNK. Creative Planning increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 16.6% during the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after purchasing an additional 629 shares during the period. Franklin Resources Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 124 shares during the period. NewEdge Advisors LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% during the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock valued at $6,987,000 after purchasing an additional 15,491 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of 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 purchasing an additional 13,500 shares during the period. Finally, Ieq Capital LLC increased its position in shares of 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 purchasing an additional 712 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.0%

JNK opened at $96.30 on Friday. The stock has a market cap of $7.29 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. The stock’s 50 day simple moving average is $96.34 and its 200-day simple moving average is $96.76.

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.