SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Stake Boosted by Joseph Group Capital Management

Joseph Group Capital Management increased its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 15.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,994 shares of the exchange traded fund’s stock after purchasing an additional 265 shares during the period. Joseph Group Capital Management’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JNK. Ocean Park Asset Management LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 6.0% in the second quarter. Ocean Park Asset Management LLC now owns 4,790,796 shares of the exchange traded fund’s stock valued at $451,628,000 after buying an additional 273,096 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,156,310 shares of the exchange traded fund’s stock worth $297,545,000 after acquiring an additional 19,504 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in SPDR Bloomberg High Yield Bond ETF by 25.2% in 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 purchasing an additional 550,840 shares during the last quarter. Jane Street Group LLC boosted its stake 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 purchasing an additional 1,758,741 shares during the period. Finally, Toews Corp ADV grew its position in SPDR Bloomberg High Yield Bond ETF by 65.9% in the 2nd quarter. Toews Corp ADV now owns 1,112,000 shares of the exchange traded fund’s stock worth $104,828,000 after purchasing an additional 441,900 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $97.63 on Friday. The firm’s 50 day moving average is $95.93 and its two-hundred day moving average is $94.82. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $87.79 and a 52 week high of $97.90.

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.