Cordatus Wealth Management LLC Acquires 6,675 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Cordatus Wealth Management LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 123.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,083 shares of the exchange traded fund’s stock after acquiring an additional 6,675 shares during the quarter. Cordatus Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,151,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JNK. Raymond James Financial Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $26,728,000. Wells Fargo & Company MN lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,449,296 shares of the exchange traded fund’s stock valued at $424,774,000 after buying an additional 278,292 shares in the last quarter. Northern Trust Corp purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $17,449,000. Jefferies Financial Group Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $11,051,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,133,763 shares of the exchange traded fund’s stock valued at $299,180,000 after buying an additional 115,211 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.2%

Shares of JNK stock opened at $96.85 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $97.90. The stock has a market capitalization of $8.26 billion, a P/E ratio of 19.96 and a beta of 0.45. The firm’s 50 day moving average is $96.30 and its 200 day moving average is $95.69.

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.