Thrivent Financial for Lutherans Boosts Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Thrivent Financial for Lutherans lifted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,297,491 shares of the exchange traded fund’s stock after buying an additional 19,208 shares during the period. Thrivent Financial for Lutherans’ holdings in SPDR Bloomberg High Yield Bond ETF were worth $126,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JNK. Creative Planning increased its position in SPDR Bloomberg High Yield Bond ETF by 16.6% during the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after purchasing an additional 629 shares during the last quarter. Franklin Resources Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 124 shares during the last quarter. NewEdge Advisors LLC increased its position 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 purchasing an additional 15,491 shares during the last quarter. The Manufacturers Life Insurance Company increased its position 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 purchasing an additional 13,500 shares during the last quarter. Finally, Ieq Capital LLC increased its position in 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 purchasing an additional 712 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 Trading Down 0.1%

SPDR Bloomberg High Yield Bond ETF stock opened at $96.12 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $94.49 and a 12-month high of $98.24. The stock has a market cap of $7.27 billion, a P/E ratio of 19.96 and a beta of 0.41. The company has a 50-day moving average price of $96.13 and a 200 day moving average price of $96.88.

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.