Up Capital Management Inc. Makes New Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Up Capital Management Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 80,617 shares of the exchange traded fund’s stock, valued at approximately $7,837,000. SPDR Bloomberg High Yield Bond ETF makes up approximately 7.0% of Up Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Up Capital Management Inc. owned 0.10% of SPDR Bloomberg High Yield Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JNK. Legacy Wealth Managment LLC ID bought a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $26,000. Caitlin John LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $29,000. Evolution Wealth Management Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 175 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $35,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $35,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.39 on Friday. The firm has a market capitalization of $7.29 billion, a P/E ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 and a one year high of $98.24. The business has a fifty day moving average price of $96.38 and a 200-day moving average price of $96.72.

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.