Mitsubishi UFJ Asset Management Co. Ltd. Buys 94,200 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,065,815 shares of the exchange traded fund’s stock after purchasing an additional 94,200 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $201,131,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Creative Planning increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 16.6% during the 2nd quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after purchasing an additional 629 shares in the last quarter. Franklin Resources Inc. boosted 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 valued at $103,000 after buying an additional 124 shares in the last quarter. NewEdge Advisors LLC grew 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 worth $6,987,000 after buying an additional 15,491 shares during the last quarter. The Manufacturers Life Insurance Company grew 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 worth $37,415,000 after buying an additional 13,500 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of 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 worth $6,124,000 after buying an additional 712 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $96.54 on Thursday. The stock’s 50 day simple moving average is $96.24 and its 200 day simple moving average is $96.93. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.36 and a one year high of $98.24. The firm has a market cap of $7.31 billion, a PE 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.