SPDR Bloomberg High Yield Bond ETF $JNK Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 189.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 593,914 shares of the exchange traded fund’s stock after acquiring an additional 388,579 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.84% of SPDR Bloomberg High Yield Bond ETF worth $57,236,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JNK. State Street Corp raised its holdings in SPDR Bloomberg High Yield Bond ETF by 23.5% in the 2nd quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock valued at $1,317,557,000 after acquiring an additional 2,597,336 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% during the first quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock worth $562,367,000 after purchasing an additional 191,636 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 23.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock worth $216,485,000 after purchasing an additional 424,952 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock worth $80,978,000 after purchasing an additional 97,474 shares during the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $80,090,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock traded down $0.75 during trading on Wednesday, hitting $93.97. The company’s stock had a trading volume of 3,715,944 shares, compared to its average volume of 3,924,531. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The stock’s fifty day moving average is $95.50 and its 200 day moving average is $95.91. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $93.93 and a 1-year high of $98.14.

SPDR Bloomberg High Yield Bond ETF Company 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.