SPDR Bloomberg High Yield Bond ETF $JNK Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 122.7% during the second quarter, Holdings Channel.com reports. The fund owned 2,129 shares of the exchange traded fund’s stock after buying an additional 1,173 shares during the period. First Horizon Advisors Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $207,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Assetmark Inc. boosted its position in SPDR Bloomberg High Yield Bond ETF by 6.5% during the second quarter. Assetmark Inc. now owns 5,066,020 shares of the exchange traded fund’s stock worth $492,772,000 after purchasing an additional 309,551 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 valued at $354,458,000 after buying an additional 360,678 shares in the last quarter. Ameriprise Financial Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 3.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,019,563 shares of the exchange traded fund’s stock valued at $98,591,000 after acquiring an additional 31,039 shares during the period. Toews Corp ADV purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $51,699,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth $45,947,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

JNK opened at $96.76 on Friday. The firm’s fifty day simple moving average is $97.45 and its two-hundred day simple moving average is $96.61. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.24. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.