LPL Financial LLC Buys 87,542 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

LPL Financial LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,069,135 shares of the exchange traded fund’s stock after acquiring an additional 87,542 shares during the quarter. LPL Financial LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $100,787,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JNK. Jane Street Group LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 223.6% during the 1st quarter. Jane Street Group LLC now owns 2,545,240 shares of the exchange traded fund’s stock valued at $242,307,000 after acquiring an additional 1,758,741 shares in the last quarter. Arch Capital Group LTD. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at $100,794,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in SPDR Bloomberg High Yield Bond ETF by 25.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock valued at $259,047,000 after acquiring an additional 550,840 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at $46,519,000. Finally, Aristotle Pacific Capital LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 714.2% during the 4th quarter. Aristotle Pacific Capital LLC now owns 509,958 shares of the exchange traded fund’s stock valued at $48,308,000 after acquiring an additional 447,322 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1 %

Shares of NYSEARCA JNK opened at $96.77 on Friday. The stock’s fifty day simple moving average is $95.72 and its two-hundred day simple moving average is $94.74. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $87.79 and a 12-month high of $96.96.

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.