Blue Capital Inc. Takes Position in SPDR Bloomberg High Yield Bond ETF $JNK

Blue Capital Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,004 shares of the exchange traded fund’s stock, valued at approximately $766,000.

A number of other hedge funds have also recently bought and sold shares of JNK. State Street Corp raised 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 acquiring an additional 1,577,119 shares in the last quarter. Assetmark Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% in the 4th quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock worth $552,492,000 after purchasing an additional 203,301 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock worth $529,343,000 after purchasing an additional 223,339 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after purchasing an additional 61,514 shares in the last quarter. Finally, American Family Investments Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $202,974,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $95.99 on Friday. The firm has a market cap of $7.30 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24. The firm has a 50 day simple moving average of $96.28 and a 200 day simple moving average of $96.66.

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.