Chandler Asset Management Inc. Increases Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Chandler Asset Management Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 35.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,196 shares of the exchange traded fund’s stock after buying an additional 68,660 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises 4.2% of Chandler Asset Management Inc.’s investment portfolio, making the stock its 8th largest position. Chandler Asset Management Inc. owned 0.31% of SPDR Bloomberg High Yield Bond ETF worth $25,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 19.9% during the second quarter. State Street Corp now owns 11,085,683 shares of the exchange traded fund’s stock worth $1,078,304,000 after acquiring an additional 1,842,852 shares in the last quarter. Assetmark Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 6.5% during the 2nd quarter. Assetmark Inc. now owns 5,066,020 shares of the exchange traded fund’s stock valued at $492,772,000 after purchasing an additional 309,551 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 9,700.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock worth $258,494,000 after purchasing an additional 2,630,378 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $118,767,000. Finally, Man Group plc lifted its stake in SPDR Bloomberg High Yield Bond ETF by 24.6% in the second quarter. Man Group plc now owns 1,111,502 shares of the exchange traded fund’s stock worth $108,116,000 after purchasing an additional 219,125 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

NYSEARCA JNK opened at $97.59 on Friday. The company has a 50-day simple moving average of $97.07 and a two-hundred day simple moving average of $97.14. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.