Schroder Investment Management Group Has $9.57 Million Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Schroder Investment Management Group decreased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 75.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 98,370 shares of the exchange traded fund’s stock after selling 309,806 shares during the period. Schroder Investment Management Group’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $9,568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JNK. Key Financial Inc acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at $34,000. Truvestments Capital LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% in the first quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 212 shares during the last quarter. Beacon Capital Management LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $56,000. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $60,000. Finally, Brooklyn Investment Group acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth $73,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.0%

SPDR Bloomberg High Yield Bond ETF stock opened at $97.29 on Friday. The business’s 50-day simple moving average is $97.19 and its 200 day simple moving average is $96.88. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24.

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.