Schroder Investment Management Group Acquires 688,414 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Schroder Investment Management Group grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 450.3% during the 4th quarter, HoldingsChannel reports. The firm owned 841,294 shares of the exchange traded fund’s stock after acquiring an additional 688,414 shares during the quarter. Schroder Investment Management Group’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $80,335,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $29,000. Creative Financial Designs Inc. ADV raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 38.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Realta Investment Advisors boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% in the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 210 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its position in SPDR Bloomberg High Yield Bond ETF by 3,658.5% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock worth $147,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Continuum Advisory LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 254.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,679 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 1,205 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $95.21 on Monday. The stock’s fifty day moving average is $96.29 and its 200-day moving average is $96.46. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $92.47 and a 52 week high of $97.90. The stock has a market capitalization of $7.87 billion, a PE ratio of 20.14 and a beta of 0.48.

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.