Meeder Asset Management Inc. Buys Shares of 516,867 SPDR Bloomberg High Yield Bond ETF $JNK

Meeder Asset Management Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 516,867 shares of the exchange traded fund’s stock, valued at approximately $49,475,000. SPDR Bloomberg High Yield Bond ETF comprises about 2.8% of Meeder Asset Management Inc.’s holdings, making the stock its 6th biggest position.

Several other institutional investors also recently modified their holdings of JNK. Legacy Wealth Managment LLC ID bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $26,000. Brown Lisle Cummings Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at $27,000. Ascentis Independent Advisors bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth $29,000. NFSG Corp grew its position in SPDR Bloomberg High Yield Bond ETF by 78.3% during the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 141 shares during the last quarter. Finally, Evolution Wealth Management Inc. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $95.98 on Monday. The company has a market capitalization of $7.30 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24. The stock has a 50-day moving average price of $96.14 and a two-hundred day moving average price of $96.58.

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.