5,789 Shares in SPDR Bloomberg High Yield Bond ETF $JNK Bought by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, HoldingsChannel reports. The institutional investor acquired 5,789 shares of the exchange traded fund’s stock, valued at approximately $534,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 23.5% during 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 buying an additional 2,597,336 shares in the last quarter. Assetmark Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 3.4% in the 1st quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock worth $562,367,000 after buying an additional 191,636 shares during the period. Envestnet Asset Management Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 23.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock worth $216,485,000 after buying an additional 424,952 shares during the period. Bank of America Corp DE increased its stake in SPDR Bloomberg High Yield Bond ETF by 13.0% in the 1st quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock worth $80,978,000 after buying an additional 97,474 shares in the last quarter. Finally, BLB&B Advisors LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $63,764,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.4%

NYSEARCA:JNK opened at $92.63 on Wednesday. The business’s 50-day simple moving average is $93.39 and its two-hundred day simple moving average is $95.57. The stock has a market cap of $6.25 billion, a PE ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.71 and a 52 week high of $98.03.

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.