SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3,800.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 243,691 shares of the exchange traded fund’s stock after acquiring an additional 237,443 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises about 2.9% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 7th biggest position. Counterpoint Mutual Funds LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $23,265,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Assetmark Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.6% during the 4th quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after buying an additional 517,382 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 134.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after acquiring an additional 8,872,450 shares in the last quarter. World Investment Advisors LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the third quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock worth $192,264,000 after acquiring an additional 1,963,931 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,514,282 shares of the exchange traded fund’s stock valued at $144,568,000 after purchasing an additional 61,403 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.7% in the third quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock valued at $134,617,000 after purchasing an additional 165,682 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $95.33 on Monday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $92.47 and a 1 year high of $97.90. The business has a 50 day moving average price of $96.32 and a 200 day moving average price of $96.52. The company has a market capitalization of $8.61 billion, a P/E ratio of 20.14 and a beta of 0.48.

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.