Everstar Asset Management LLC Invests $6.72 Million in SPDR Bloomberg High Yield Bond ETF $JNK

Everstar Asset Management LLC acquired a new position in shares of 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 acquired 69,092 shares of the exchange traded fund’s stock, valued at approximately $6,716,000. SPDR Bloomberg High Yield Bond ETF makes up approximately 3.2% of Everstar Asset Management LLC’s holdings, making the stock its 4th biggest position. Everstar Asset Management LLC owned 0.09% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JNK. Sharper & Granite LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 1.7% during the fourth quarter. Sharper & Granite LLC now owns 6,353 shares of the exchange traded fund’s stock valued at $618,000 after purchasing an additional 107 shares during the last quarter. Clearstead Advisors LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 8.5% in the third quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 108 shares in the last quarter. Parallel Advisors LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 4.7% in the third quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $260,000 after purchasing an additional 120 shares in the last quarter. Banque Cantonale Vaudoise grew its stake in SPDR Bloomberg High Yield Bond ETF by 17.5% in the third quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock valued at $80,000 after purchasing an additional 121 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 124 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.4%

JNK stock opened at $95.72 on Friday. The business has a 50 day moving average price of $96.11 and a two-hundred day moving average price of $96.87. The company has a market cap of $7.24 billion, a price-to-earnings 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.

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.