Hilltop Holdings Inc. Raises Position in SPDR Bloomberg High Yield Bond ETF $JNK

Hilltop Holdings Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 24.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,754 shares of the exchange traded fund’s stock after purchasing an additional 15,675 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up about 0.7% of Hilltop Holdings Inc.’s portfolio, making the stock its 24th biggest position. Hilltop Holdings Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $7,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Family Investments Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $202,974,000. Northwestern Mutual Investment Management Company LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $174,978,000. State Street Corp lifted its position in SPDR Bloomberg High Yield Bond ETF by 14.2% in the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after buying an additional 1,577,119 shares during the last quarter. TD Asset Management Inc purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $80,090,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $49,475,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.0%

JNK opened at $95.39 on Friday. The business has a fifty day moving average of $96.09 and a 200 day moving average of $96.53. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24. The stock has a market cap of $7.24 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.