SPDR Bloomberg High Yield Bond ETF $JNK Stock: Financial & Tax Architects LLC Raises Stake

Financial & Tax Architects LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 12.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,838 shares of the exchange traded fund’s stock after acquiring an additional 6,548 shares during the quarter. Financial & Tax Architects LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $5,457,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JNK. State Street Corp raised its stake in SPDR Bloomberg High Yield Bond ETF by 23.5% in the 2nd quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock valued at $1,317,557,000 after acquiring an additional 2,597,336 shares during the period. Assetmark Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 3.4% during the 1st quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock valued at $562,367,000 after purchasing an additional 191,636 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 23.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock valued at $216,485,000 after purchasing an additional 424,952 shares during the last quarter. Bank of America Corp DE lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 13.0% during the 1st quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock valued at $80,978,000 after purchasing an additional 97,474 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 189.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 593,914 shares of the exchange traded fund’s stock valued at $57,236,000 after purchasing an additional 388,579 shares during the last quarter. 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 $92.65 on Friday. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The company has a fifty day moving average price of $94.55 and a two-hundred day moving average price of $95.58. SPDR Bloomberg High Yield Bond ETF has a one year low of $91.71 and a one year high of $98.08.

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.