Mirae Asset Global Investments Co. Ltd. Buys New Shares in SPDR Bloomberg High Yield Bond ETF $JNK

Mirae Asset Global Investments Co. Ltd. purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 204,000 shares of the exchange traded fund’s stock, valued at approximately $18,921,000.

A number of other large investors also recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $28,000. Ascentis Independent Advisors purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter valued at $29,000. NFSG Corp grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% in the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 141 shares during the period. Eastern Bank acquired a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $35,000. Finally, Brown Lisle Cummings Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 74.4% in the second quarter. Brown Lisle Cummings Inc. now owns 497 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

NYSEARCA JNK opened at $92.36 on Wednesday. The business’s 50-day moving average price is $93.72 and its 200 day moving average price is $95.70. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $91.71 and a twelve month high of $98.03. The company has a market capitalization of $6.05 billion, a PE ratio of 19.96 and a beta of 0.44.

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.