Money Concepts Capital Corp Buys New Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Money Concepts Capital Corp purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,595 shares of the exchange traded fund’s stock, valued at approximately $1,876,000.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp increased its stake in SPDR Bloomberg High Yield Bond ETF by 14.2% during the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after acquiring an additional 1,577,119 shares during the last quarter. Assetmark Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% in the 4th quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock valued at $552,492,000 after purchasing an additional 203,301 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock worth $529,343,000 after purchasing an additional 223,339 shares during the period. Clark Capital Management Group Inc. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after purchasing an additional 61,514 shares during the period. Finally, American Family Investments Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $202,974,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

Shares of NYSEARCA JNK traded down $0.07 during trading hours on Friday, hitting $95.93. 2,389,202 shares of the company traded hands, compared to its average volume of 4,439,521. The company’s 50 day moving average price is $96.19 and its 200 day moving average price is $96.62. 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 capitalization of $7.43 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

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.