Natixis Advisors L.P. Makes New $9.33 Million Investment in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Natixis Advisors L.P. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 98,525 shares of the exchange traded fund’s stock, valued at approximately $9,332,000.

Several other hedge funds have also recently made changes to their positions in the company. Schroder Investment Management Group raised its position in SPDR Bloomberg High Yield Bond ETF by 4,254.2% during the third quarter. Schroder Investment Management Group now owns 979,690 shares of the exchange traded fund’s stock valued at $88,564,000 after acquiring an additional 957,190 shares in the last quarter. Toews Corp ADV acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $69,939,000. Wright Fund Management LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 9.5% in the 3rd quarter. Wright Fund Management LLC now owns 4,796,606 shares of the exchange traded fund’s stock valued at $433,613,000 after purchasing an additional 416,798 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $31,903,000. Finally, Sei Investments Co. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $25,684,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK opened at $94.21 on Thursday. The stock’s 50 day moving average is $94.17 and its two-hundred day moving average is $93.55. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $87.79 and a 12 month high of $95.59.

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.