UNIVEST FINANCIAL Corp Acquires 6,601 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

UNIVEST FINANCIAL Corp raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,363 shares of the exchange traded fund’s stock after purchasing an additional 6,601 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $4,246,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning grew its holdings in SPDR Bloomberg High Yield Bond ETF by 16.6% in the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after purchasing an additional 629 shares during the period. Franklin Resources Inc. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after buying an additional 124 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% in the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock valued at $6,987,000 after buying an additional 15,491 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock valued at $37,415,000 after purchasing an additional 13,500 shares during the period. Finally, Ieq Capital LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% during the 2nd quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after purchasing an additional 712 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

Shares of NYSEARCA JNK traded down $0.07 during midday trading on Friday, hitting $95.93. 2,389,202 shares of the company’s stock were exchanged, compared to its average volume of 4,439,521. The business’s fifty day moving average price is $96.19 and its two-hundred day moving average price is $96.62. The company has a market cap of $7.43 billion, a price-to-earnings 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.

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.