Coppell Advisory Solutions LLC Acquires New Position in SPDR Bloomberg High Yield Bond ETF $JNK

Coppell Advisory Solutions LLC bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,859 shares of the exchange traded fund’s stock, valued at approximately $757,000.

Several other hedge funds and other institutional investors have also bought and sold shares of JNK. State Street Corp grew its position in 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 acquiring an additional 1,577,119 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% in the 1st quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock worth $562,367,000 after acquiring an additional 191,636 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock worth $529,343,000 after acquiring an additional 223,339 shares during the last quarter. American Family Investments Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $202,974,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,065,815 shares of the exchange traded fund’s stock valued at $201,131,000 after purchasing an additional 94,200 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $95.21 on Thursday. The firm has a market cap of $6.88 billion, a P/E ratio of 19.96 and a beta of 0.41. The firm’s fifty day moving average is $95.85 and its 200 day moving average is $96.15. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week 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.