SPDR Bloomberg High Yield Bond ETF $JNK Stock Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 19.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 322,637 shares of the exchange traded fund’s stock after purchasing an additional 52,220 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.52% of SPDR Bloomberg High Yield Bond ETF worth $29,925,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JNK. State Street Corp grew its holdings in SPDR Bloomberg High Yield Bond ETF by 23.5% in the 2nd quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock valued at $1,317,557,000 after buying an additional 2,597,336 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% during the first quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock worth $562,367,000 after buying an additional 191,636 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 23.3% in the second quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock valued at $216,485,000 after acquiring an additional 424,952 shares during the period. Bank of America Corp DE boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.0% in the first quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock valued at $80,978,000 after acquiring an additional 97,474 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 189.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 593,914 shares of the exchange traded fund’s stock valued at $57,236,000 after acquiring an additional 388,579 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $92.26 on Tuesday. The company’s 50-day simple moving average is $94.41 and its 200 day simple moving average is $95.54. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.71 and a 52 week high of $98.08. The company has a market capitalization of $5.69 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.