Envestnet Portfolio Solutions Inc. Purchases 239,321 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Envestnet Portfolio Solutions Inc. grew its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 99.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 478,806 shares of the exchange traded fund’s stock after purchasing an additional 239,321 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.56% of SPDR Bloomberg High Yield Bond ETF worth $45,712,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $37,000. Realta Investment Advisors increased its holdings in SPDR Bloomberg High Yield Bond ETF by 89.7% in the fourth 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 during the last quarter. Boyd Watterson Asset Management LLC OH lifted its stake in SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock valued at $147,000 after buying an additional 1,500 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 254.2% during the third quarter. Continuum Advisory LLC now owns 1,679 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 1,205 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $95.33 on Friday. The stock has a 50-day moving average of $96.32 and a 200-day moving average of $96.52. SPDR Bloomberg High Yield Bond ETF has a one year low of $92.47 and a one year high of $97.90. The stock has a market cap of $8.61 billion, a PE ratio of 20.14 and a beta of 0.48.

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.