SPDR Bloomberg High Yield Bond ETF $JNK Stake Lowered by Toews Corp ADV

Toews Corp ADV cut its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 484,500 shares of the exchange traded fund’s stock after selling 47,000 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for about 6.8% of Toews Corp ADV’s investment portfolio, making the stock its 3rd largest holding. Toews Corp ADV owned 0.57% of SPDR Bloomberg High Yield Bond ETF worth $47,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in SPDR Bloomberg High Yield Bond ETF by 19.9% during 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 in the last quarter. Assetmark Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 6.5% during the second quarter. Assetmark Inc. now owns 5,066,020 shares of the exchange traded fund’s stock worth $492,772,000 after acquiring an additional 309,551 shares during the period. Gallagher Fiduciary Advisors LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock worth $258,494,000 after buying an additional 2,630,378 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $118,767,000. Finally, Man Group plc increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 24.6% in the 2nd quarter. Man Group plc now owns 1,111,502 shares of the exchange traded fund’s stock valued at $108,116,000 after acquiring an additional 219,125 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $97.69 on Monday. The stock has a market cap of $7.71 billion, a PE ratio of 19.96 and a beta of 0.42. The stock has a 50-day moving average of $97.08 and a two-hundred day moving average of $97.16. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24.

SPDR Bloomberg High Yield Bond ETF 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.