Sumitomo Mitsui Trust Group Inc. Makes New Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 47,000 shares of the exchange traded fund’s stock, valued at approximately $4,359,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.7% in the first quarter. Stephens Inc. AR now owns 19,034 shares of the exchange traded fund’s stock worth $1,822,000 after acquiring an additional 132 shares in the last quarter. Gibbs Wealth Management lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.7% during the 3rd quarter. Gibbs Wealth Management now owns 5,238 shares of the exchange traded fund’s stock valued at $486,000 after purchasing an additional 139 shares in the last quarter. NFSG Corp grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st 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. Parallel Advisors LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 6.0% in the 1st quarter. Parallel Advisors LLC now owns 2,599 shares of the exchange traded fund’s stock valued at $249,000 after purchasing an additional 148 shares during the period. Finally, Uptown Financial Advisors LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 2.1% during the 2nd quarter. Uptown Financial Advisors LLC now owns 7,823 shares of the exchange traded fund’s stock worth $754,000 after purchasing an additional 159 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK traded down $0.08 during trading on Friday, reaching $92.70. The company had a trading volume of 1,448,694 shares, compared to its average volume of 4,077,096. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $91.71 and a 12 month high of $98.03. The business’s fifty day moving average price is $93.52 and its 200 day moving average price is $95.62. The company has a market cap of $6.20 billion, a P/E ratio of 19.96 and a beta of 0.43.

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.