Hilltop Holdings Inc. Purchases 15,675 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Hilltop Holdings Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 24.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,754 shares of the exchange traded fund’s stock after buying an additional 15,675 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises 0.7% of Hilltop Holdings Inc.’s portfolio, making the stock its 24th biggest holding. Hilltop Holdings Inc. owned approximately 0.11% of SPDR Bloomberg High Yield Bond ETF worth $7,634,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 16.6% in the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after purchasing an additional 629 shares in the last quarter. Franklin Resources Inc. increased its position 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 worth $103,000 after purchasing an additional 124 shares during the last quarter. NewEdge Advisors LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 27.5% during the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock valued at $6,987,000 after purchasing an additional 15,491 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in SPDR Bloomberg High Yield Bond ETF by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock valued at $37,415,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 1.1% during the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after purchasing an additional 712 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.0%

JNK stock opened at $95.39 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week high of $98.24. The firm has a market capitalization of $7.24 billion, a P/E ratio of 19.96 and a beta of 0.41. The company has a fifty day simple moving average of $96.09 and a two-hundred day simple moving average of $96.53.

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.