Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Sumitomo Mitsui Trust Group Inc. cut its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,000 shares of the exchange traded fund’s stock after selling 13,000 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of SPDR Bloomberg High Yield Bond ETF worth $20,414,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in SPDR Bloomberg High Yield Bond ETF by 14.2% in the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after buying an additional 1,577,119 shares during the last quarter. Assetmark Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock worth $537,003,000 after buying an additional 414,165 shares during the last quarter. Clark Capital Management Group Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 1.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after buying an additional 61,514 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 2.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock valued at $276,978,000 after acquiring an additional 80,325 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 143.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock valued at $143,764,000 after acquiring an additional 865,123 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $97.08 on Friday. The company has a market capitalization of $7.08 billion, a P/E ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $92.93 and a 12 month high of $98.24. The firm’s fifty day simple moving average is $96.41 and its 200-day simple moving average is $96.98.

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.