Baird Financial Group Inc. Purchases 1,742 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Baird Financial Group Inc. grew its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,074 shares of the exchange traded fund’s stock after acquiring an additional 1,742 shares during the quarter. Baird Financial Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,730,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Merit Financial Group LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 5.6% during the 4th quarter. Merit Financial Group LLC now owns 5,113 shares of the exchange traded fund’s stock valued at $488,000 after acquiring an additional 270 shares during the period. Apollon Financial LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 17.8% in the fourth quarter. Apollon Financial LLC now owns 7,927 shares of the exchange traded fund’s stock valued at $757,000 after acquiring an additional 1,195 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 19.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 7,753 shares of the exchange traded fund’s stock worth $740,000 after acquiring an additional 1,275 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $26,728,000. Finally, Principal Financial Group Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 239.1% during the 4th quarter. Principal Financial Group Inc. now owns 52,937 shares of the exchange traded fund’s stock valued at $5,054,000 after purchasing an additional 37,325 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $94.55 on Friday. The firm has a 50 day simple moving average of $94.47 and a 200 day simple moving average of $95.74. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 19.81 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.41 and a one year high of $97.90.

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.