516,867 Shares in SPDR Bloomberg High Yield Bond ETF $JNK Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 516,867 shares of the exchange traded fund’s stock, valued at approximately $49,475,000. SPDR Bloomberg High Yield Bond ETF makes up about 2.8% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Meeder Asset Management Inc. owned about 0.68% of SPDR Bloomberg High Yield Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JNK. Signal Advisors Wealth LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 65.7% during the first quarter. Signal Advisors Wealth LLC now owns 18,735 shares of the exchange traded fund’s stock valued at $1,793,000 after purchasing an additional 7,428 shares in the last quarter. Kelsey Financial LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $1,462,000. Exchange Traded Concepts LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 5.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 186,467 shares of the exchange traded fund’s stock valued at $18,126,000 after purchasing an additional 10,100 shares during the last quarter. Everstar Asset Management LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $6,716,000. Finally, Assetmark Inc. increased 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. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $95.98 on Monday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week high of $98.24. The stock has a market capitalization of $7.30 billion, a P/E ratio of 19.96 and a beta of 0.41. The stock has a fifty day moving average of $96.14 and a 200-day moving average of $96.58.

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.