Omnitrust Wealth Management Inc Buys New Position in SPDR Bloomberg High Yield Bond ETF $JNK

Omnitrust Wealth Management Inc bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,268 shares of the exchange traded fund’s stock, valued at approximately $512,000. SPDR Bloomberg High Yield Bond ETF makes up about 0.7% of Omnitrust Wealth Management Inc’s holdings, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JNK. American Family Investments Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $202,974,000. Northwestern Mutual Investment Management Company LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $174,978,000. State Street Corp boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% during the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after purchasing an additional 1,577,119 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock valued at $143,764,000 after purchasing an additional 865,123 shares in the last quarter. Finally, TD Asset Management Inc bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $80,090,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $95.73 on Monday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $94.49 and a twelve month high of $98.24. The company has a 50-day moving average of $96.25 and a 200-day moving average of $96.78. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

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.