Sumitomo Mitsui DS Asset Management Company Ltd Sells 61,194 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Sumitomo Mitsui DS Asset Management Company Ltd lowered its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 464,261 shares of the exchange traded fund’s stock after selling 61,194 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $45,131,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in JNK. State Street Corp grew its holdings in SPDR Bloomberg High Yield Bond ETF by 14.2% during the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after buying an additional 1,577,119 shares in the last quarter. Assetmark Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% during the fourth quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock worth $552,492,000 after acquiring an additional 203,301 shares during the last quarter. Clark Capital Management Group Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 1.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock valued at $341,435,000 after acquiring an additional 61,514 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock valued at $276,978,000 after acquiring an additional 80,325 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 143.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock valued at $143,764,000 after acquiring an additional 865,123 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

Shares of JNK stock opened at $96.22 on Wednesday. The company’s fifty day simple moving average is $96.26 and its two-hundred day simple moving average is $96.93. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.29 and a 52 week high of $98.24. The stock has a market cap of $7.28 billion, a P/E ratio of 19.96 and a beta of 0.42.

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.