Global Endowment Management LP Has $3.46 Million Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Global Endowment Management LP lifted its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 137.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,550 shares of the exchange traded fund’s stock after acquiring an additional 20,550 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for about 0.4% of Global Endowment Management LP’s investment portfolio, making the stock its 28th largest position. Global Endowment Management LP’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,456,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Advisory Alpha LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.5% in the 4th quarter. Advisory Alpha LLC now owns 6,920 shares of the exchange traded fund’s stock valued at $673,000 after acquiring an additional 105 shares in the last quarter. Sharper & Granite LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.7% in the 4th quarter. Sharper & Granite LLC now owns 6,353 shares of the exchange traded fund’s stock valued at $618,000 after acquiring an additional 107 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 8.5% in the 3rd quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock valued at $135,000 after acquiring an additional 108 shares in the last quarter. Parallel Advisors LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 4.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock worth $260,000 after buying an additional 120 shares during the period. Finally, Banque Cantonale Vaudoise increased its position in SPDR Bloomberg High Yield Bond ETF by 17.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock worth $80,000 after buying an additional 121 shares during the period. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.0%

Shares of NYSEARCA JNK opened at $96.30 on Friday. The business’s 50 day moving average is $96.34 and its two-hundred day moving average is $96.76. The company has a market cap 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 12 month low of $94.49 and a 12 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.