SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Stake Raised by Commerce Bank

Commerce Bank increased its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 27.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,005 shares of the exchange traded fund’s stock after buying an additional 1,282 shares during the quarter. Commerce Bank’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $587,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Ocean Park Asset Management LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 6.0% during the 2nd quarter. Ocean Park Asset Management LLC now owns 4,790,796 shares of the exchange traded fund’s stock worth $451,628,000 after acquiring an additional 273,096 shares during the period. Assetmark Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.1% during the third quarter. Assetmark Inc. now owns 4,446,240 shares of the exchange traded fund’s stock valued at $434,798,000 after purchasing an additional 174,815 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 3,156,310 shares of the exchange traded fund’s stock worth $297,545,000 after purchasing an additional 19,504 shares during the period. Thrivent Financial for Lutherans grew its position in SPDR Bloomberg High Yield Bond ETF by 13.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock valued at $134,617,000 after buying an additional 165,682 shares in the last quarter. Finally, Toews Corp ADV grew its position in SPDR Bloomberg High Yield Bond ETF by 65.9% in the 2nd quarter. Toews Corp ADV now owns 1,112,000 shares of the exchange traded fund’s stock valued at $104,828,000 after buying an additional 441,900 shares in 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

JNK stock opened at $97.04 on Tuesday. The firm’s 50-day moving average is $96.84 and its two-hundred day moving average is $95.72. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.77 and a 52 week high of $97.90.

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.