Principal Securities Inc. Buys New Shares in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Principal Securities Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNKFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 26,333 shares of the exchange traded fund’s stock, valued at approximately $2,495,000.

Other hedge funds also recently made changes to their positions in the company. Wright Fund Management LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 9.5% during the 3rd quarter. Wright Fund Management LLC now owns 4,796,606 shares of the exchange traded fund’s stock worth $433,613,000 after purchasing an additional 416,798 shares during the period. Schroder Investment Management Group grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4,254.2% during the 3rd quarter. Schroder Investment Management Group now owns 979,690 shares of the exchange traded fund’s stock worth $88,564,000 after purchasing an additional 957,190 shares during the period. Toews Corp ADV purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $69,939,000. PNC Financial Services Group Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 737,503 shares of the exchange traded fund’s stock worth $66,670,000 after purchasing an additional 5,319 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 8.1% during the 3rd quarter. LPL Financial LLC now owns 688,960 shares of the exchange traded fund’s stock worth $62,282,000 after purchasing an additional 51,902 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2 %

Shares of NYSEARCA:JNK traded down $0.22 during trading on Friday, reaching $94.02. 4,199,441 shares of the stock were exchanged, compared to its average volume of 6,390,021. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $87.79 and a 12-month high of $95.59. The firm’s 50-day moving average price is $94.16 and its 200 day moving average price is $93.59.

SPDR Bloomberg High Yield Bond ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

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