Global Assets Advisory LLC Buys New Shares in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Global Assets Advisory LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 3,117 shares of the exchange traded fund’s stock, valued at approximately $303,000.

Several other hedge funds have also recently made changes to their positions in the company. Ocean Park Asset Management LLC grew 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 purchasing an additional 273,096 shares during the period. Envestnet Asset Management Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 0.6% during the 2nd 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. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in SPDR Bloomberg High Yield Bond ETF by 25.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock worth $259,047,000 after purchasing an additional 550,840 shares during the period. Jane Street Group LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 223.6% during the 1st quarter. Jane Street Group LLC now owns 2,545,240 shares of the exchange traded fund’s stock worth $242,307,000 after purchasing an additional 1,758,741 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in SPDR Bloomberg High Yield Bond ETF by 11.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,210,908 shares of the exchange traded fund’s stock worth $114,153,000 after purchasing an additional 125,140 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.3 %

Shares of JNK opened at $96.21 on Thursday. The business’s 50-day moving average is $96.85 and its two-hundred day moving average is $95.24. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $88.31 and a fifty-two 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.