Noesis Capital Mangement Corp Buys 5,682 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Noesis Capital Mangement Corp acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, HoldingsChannel.com reports. The fund acquired 5,682 shares of the exchange traded fund’s stock, valued at approximately $527,000.

A number of other institutional investors have also recently added to or reduced their stakes in JNK. State Street Corp lifted its holdings in shares of 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 worth $1,317,557,000 after acquiring an additional 2,597,336 shares during the last quarter. Assetmark Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% in the first 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 in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 23.3% in the second 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 in the last quarter. Bank of America Corp DE increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock worth $80,978,000 after acquiring an additional 97,474 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased 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 worth $57,236,000 after purchasing an additional 388,579 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.2%

NYSEARCA JNK opened at $92.66 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.71 and a 52 week high of $98.08. The firm has a 50 day moving average of $94.08 and a two-hundred day moving average of $95.84. The stock has a market capitalization of $5.64 billion, a PE ratio of 19.96 and a beta of 0.42.

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.