Strategic Investment Management LLC Grows Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Strategic Investment Management LLC raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,820 shares of the exchange traded fund’s stock after purchasing an additional 11,540 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for approximately 4.2% of Strategic Investment Management LLC’s holdings, making the stock its 8th largest holding. Strategic Investment Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $7,822,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JNK. CNO Financial Group Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $10,262,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in SPDR Bloomberg High Yield Bond ETF by 15.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 525,455 shares of the exchange traded fund’s stock worth $51,489,000 after purchasing an additional 71,153 shares during the period. Chandler Asset Management Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 35.8% during the third quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock worth $25,497,000 after buying an additional 68,660 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $60,000. Finally, Bain Capital Credit LP acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth about $4,087,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $97.92 on Friday. The stock has a market capitalization of $7.88 billion, a PE ratio of 19.96 and a beta of 0.42. The business’s 50 day simple moving average is $97.25 and its 200 day simple moving average is $97.20. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24.

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.