19,595 Shares in SPDR Bloomberg High Yield Bond ETF $JNK Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp acquired a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 1st quarter, HoldingsChannel reports. The fund acquired 19,595 shares of the exchange traded fund’s stock, valued at approximately $1,876,000.

Several other large investors have also modified their holdings of JNK. State Street Corp grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% during 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. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% in the fourth quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock worth $552,492,000 after purchasing an additional 203,301 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 4.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock valued at $529,343,000 after buying an additional 223,339 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in SPDR Bloomberg High Yield Bond ETF by 1.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock valued at $341,435,000 after buying an additional 61,514 shares during the period. Finally, American Family Investments Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $202,974,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock traded down $0.07 during mid-day trading on Friday, reaching $95.93. The company had a trading volume of 2,389,202 shares, compared to its average volume of 4,439,521. The company has a market capitalization of $7.43 billion, a PE ratio of 19.96 and a beta of 0.41. The firm has a 50 day moving average of $96.19 and a 200 day moving average of $96.62. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24.

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.