GRIMES & Co WEALTH MANAGEMENT LLC Acquires New Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,410 shares of the exchange traded fund’s stock, valued at approximately $873,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its position in SPDR Bloomberg High Yield Bond ETF by 23.5% during the second 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 period. BLB&B Advisors LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $63,764,000. Meeder Asset Management Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $49,475,000. 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 valued at $216,485,000 after purchasing an additional 424,952 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth approximately $39,015,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.7%

Shares of NYSEARCA:JNK opened at $93.03 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $91.71 and a 12-month high of $98.03. The company’s 50 day moving average price is $93.66 and its two-hundred day moving average price is $95.67. The firm has a market cap of $6.09 billion, a PE ratio of 19.96 and a beta of 0.44.

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.