Northwestern Mutual Investment Management Company LLC Acquires New Position in SPDR Bloomberg High Yield Bond ETF $JNK

Northwestern Mutual Investment Management Company LLC bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,800,000 shares of the exchange traded fund’s stock, valued at approximately $174,978,000. SPDR Bloomberg High Yield Bond ETF accounts for 2.0% of Northwestern Mutual Investment Management Company LLC’s investment portfolio, making the stock its 9th largest holding. Northwestern Mutual Investment Management Company LLC owned about 2.21% of SPDR Bloomberg High Yield Bond ETF at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $26,000. Caitlin John LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter worth $29,000. Brown Brothers Harriman & Co. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter worth $35,000. Olistico Wealth LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $36,000. Finally, Pacifica Partners Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 310.0% in the fourth quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 310 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK opened at $95.72 on Friday. The firm’s fifty day moving average is $96.11 and its two-hundred day moving average is $96.87. The firm has a market cap of $7.24 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $94.49 and a twelve month 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.