SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,133,763 shares of the exchange traded fund’s stock after purchasing an additional 115,211 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $299,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after buying an additional 8,872,450 shares during the period. World Investment Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% in the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after purchasing an additional 1,963,931 shares during the last quarter. Schroder Investment Management Group raised its holdings in SPDR Bloomberg High Yield Bond ETF by 450.3% in the 4th quarter. Schroder Investment Management Group now owns 841,294 shares of the exchange traded fund’s stock valued at $80,335,000 after buying an additional 688,414 shares during the period. Assetmark Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 11.6% during the fourth quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after buying an additional 517,382 shares during the period. Finally, LPL Financial LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 42.4% during the fourth quarter. LPL Financial LLC now owns 1,461,128 shares of the exchange traded fund’s stock valued at $139,494,000 after acquiring an additional 434,953 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $92.45 on Friday. The company has a 50 day moving average price of $96.06 and a 200 day moving average price of $96.37. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $92.08 and a fifty-two week high of $97.90. The stock has a market capitalization of $7.64 billion, a P/E ratio of 20.14 and a beta of 0.48.

SPDR Bloomberg High Yield Bond ETF 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.