Assetmark Inc. Has $473.88 Million Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Assetmark Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 11.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,963,622 shares of the exchange traded fund’s stock after purchasing an additional 517,382 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up 1.3% of Assetmark Inc.’s portfolio, making the stock its 15th biggest position. Assetmark Inc. owned about 0.06% of SPDR Bloomberg High Yield Bond ETF worth $473,877,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JNK. Valley National Advisers Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $29,000. Creative Financial Designs Inc. ADV bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $30,000. Truvestments Capital LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $37,000. Realta Investment Advisors boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% in the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 210 shares in the last quarter. Finally, ESL Trust Services LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $75,000. 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 SPDR Bloomberg High Yield Bond ETF stock opened at $96.27 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90. The company has a 50-day simple moving average of $96.30 and a 200 day simple moving average of $96.57.

SPDR Bloomberg High Yield Bond ETF Company 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.