Brookstone Capital Management Has $5.22 Million Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Brookstone Capital Management grew its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 56.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,690 shares of the exchange traded fund’s stock after acquiring an additional 19,385 shares during the quarter. Brookstone Capital Management owned 0.07% of SPDR Bloomberg High Yield Bond ETF worth $5,219,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JNK. State Street Corp raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% in the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after purchasing an additional 1,577,119 shares in the last quarter. Assetmark Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 8.2% during the third quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock worth $537,003,000 after buying an additional 414,165 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 1.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after buying an additional 61,514 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock valued at $276,978,000 after buying an additional 80,325 shares during the period. Finally, Gallagher Fiduciary Advisors LLC increased its holdings 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 valued at $258,494,000 after buying an additional 2,630,378 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $95.47 on Thursday. The firm has a fifty day moving average of $96.70 and a 200-day moving average of $97.10. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.24.

About SPDR Bloomberg High Yield Bond ETF

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.