JPMorgan Chase & Co. Grows Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

JPMorgan Chase & Co. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.9% during the second quarter, Holdings Channel.com reports. The fund owned 602,009 shares of the exchange traded fund’s stock after acquiring an additional 54,208 shares during the quarter. JPMorgan Chase & Co.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $58,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Toews Corp ADV purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth $51,699,000. Counterpoint Mutual Funds LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at $45,947,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 10.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock worth $354,458,000 after buying an additional 360,678 shares during the period. Assetmark Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 6.5% in the 2nd quarter. Assetmark Inc. now owns 5,066,020 shares of the exchange traded fund’s stock worth $492,772,000 after buying an additional 309,551 shares in the last quarter. Finally, Howard Capital Management Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $24,159,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $97.65 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The stock’s 50-day simple moving average is $97.26 and its 200-day simple moving average is $96.84. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.