Migdal Insurance & Financial Holdings Ltd. Has $14.15 Million Position in SPDR Bloomberg High Yield Bond ETF $JNK

Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 70.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,568 shares of the exchange traded fund’s stock after selling 341,806 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.17% of SPDR Bloomberg High Yield Bond ETF worth $14,150,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JNK. Toews Corp ADV acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $51,699,000. Counterpoint Mutual Funds LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $45,947,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 10.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock worth $354,458,000 after acquiring an additional 360,678 shares during the last quarter. Howard Capital Management Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $24,159,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $21,964,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

JNK stock opened at $97.91 on Wednesday. The business’s 50 day simple moving average is $97.51 and its 200 day simple moving average is $96.40. The firm has a market capitalization of $8.27 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $90.40 and a 1-year high of $98.24.

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.