SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Bought by PAX Financial Group LLC

PAX Financial Group LLC lifted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,383 shares of the exchange traded fund’s stock after buying an additional 427 shares during the quarter. PAX Financial Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $609,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JNK. Rockefeller Capital Management L.P. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 14.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 19,614 shares of the exchange traded fund’s stock worth $1,918,000 after buying an additional 2,499 shares in the last quarter. Pacific Asset Management LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% in the third quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock valued at $86,051,000 after acquiring an additional 190,796 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 39.7% in the third quarter. IHT Wealth Management LLC now owns 3,895 shares of the exchange traded fund’s stock valued at $380,000 after purchasing an additional 1,107 shares during the period. Point72 Asset Management L.P. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $1,956,000. Finally, Stifel Financial Corp increased its holdings in SPDR Bloomberg High Yield Bond ETF by 2.9% during the 3rd quarter. Stifel Financial Corp now owns 112,136 shares of the exchange traded fund’s stock worth $10,966,000 after purchasing an additional 3,143 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $92.45 on Friday. The business’s 50-day moving average is $96.06 and its two-hundred day moving average is $96.37. The firm has a market capitalization of $7.64 billion, a P/E ratio of 20.14 and a beta of 0.48. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $92.08 and a 1 year high of $97.90.

SPDR Bloomberg High Yield Bond ETF Company 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.