Sumitomo Mitsui DS Asset Management Company Ltd Buys 52,220 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 19.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 322,637 shares of the exchange traded fund’s stock after buying an additional 52,220 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $29,925,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JNK. Smithbridge Asset Management Inc. DE acquired a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $251,000. Worth Financial Advisory Group LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $248,000. SteelPeak Wealth LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 16.7% during the third quarter. SteelPeak Wealth LLC now owns 3,583 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 512 shares in the last quarter. IFP Advisors Inc grew its stake in SPDR Bloomberg High Yield Bond ETF by 51.0% during the third quarter. IFP Advisors Inc now owns 11,261 shares of the exchange traded fund’s stock worth $1,044,000 after buying an additional 3,803 shares in the last quarter. Finally, Intergy Private Wealth LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 8.3% in the 3rd quarter. Intergy Private Wealth LLC now owns 4,233 shares of the exchange traded fund’s stock valued at $393,000 after buying an additional 324 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.0%

JNK stock opened at $92.26 on Tuesday. The company’s 50-day moving average price is $94.41 and its two-hundred day moving average price is $95.54. The firm has a market cap of $5.69 billion, a P/E ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $91.71 and a 12 month high of $98.08.

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.