Rossby Financial LCC Invests $563,000 in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Rossby Financial LCC bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,901 shares of the exchange traded fund’s stock, valued at approximately $563,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of JNK. JPMorgan Chase & Co. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 134.4% in the third quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after acquiring an additional 8,872,450 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 450.3% during the 4th quarter. Schroder Investment Management Group now owns 841,294 shares of the exchange traded fund’s stock worth $80,335,000 after purchasing an additional 688,414 shares during the last quarter. Assetmark Inc. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock valued at $473,877,000 after buying an additional 517,382 shares during the last quarter. LPL Financial LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 42.4% during the 4th quarter. LPL Financial LLC now owns 1,461,128 shares of the exchange traded fund’s stock worth $139,494,000 after acquiring an additional 434,953 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 209.7% during the 4th quarter. Sei Investments Co. now owns 439,797 shares of the exchange traded fund’s stock worth $41,987,000 after buying an additional 297,797 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $92.39 on Monday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.41 and a 12 month high of $97.90. The firm has a market capitalization of $6.18 billion, a P/E ratio of 19.36 and a beta of 0.43. The company’s fifty day moving average price is $95.44 and its 200 day moving average price is $96.11.

About SPDR Bloomberg High Yield Bond ETF

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.