Coppell Advisory Solutions LLC Makes New $757,000 Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Coppell Advisory Solutions LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,859 shares of the exchange traded fund’s stock, valued at approximately $757,000.

A number of other large investors have also recently modified their holdings of the business. American Family Investments Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth approximately $202,974,000. Northwestern Mutual Investment Management Company LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $174,978,000. State Street Corp grew its stake in SPDR Bloomberg High Yield Bond ETF by 14.2% in the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after buying an additional 1,577,119 shares in the last quarter. TD Asset Management Inc purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $80,090,000. Finally, Meeder Asset Management Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth approximately $49,475,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $95.21 on Thursday. The company’s fifty day moving average price is $95.85 and its 200-day moving average price is $96.15. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 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.