Assetmark Inc. Raises Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Assetmark Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,683,486 shares of the exchange traded fund’s stock after purchasing an additional 203,301 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up approximately 1.1% of Assetmark Inc.’s investment portfolio, making the stock its 18th largest position. Assetmark Inc. owned approximately 7.06% of SPDR Bloomberg High Yield Bond ETF worth $552,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Clearstead Advisors LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 8.5% during the third quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 108 shares during the period. Apollon Financial LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.5% during the third quarter. Apollon Financial LLC now owns 4,585 shares of the exchange traded fund’s stock valued at $449,000 after purchasing an additional 114 shares during the period. Parallel Advisors LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.7% during the third quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $260,000 after purchasing an additional 120 shares during the period. Banque Cantonale Vaudoise boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 17.5% during the third quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock valued at $80,000 after purchasing an additional 121 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 124 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.4%

Shares of JNK opened at $96.58 on Tuesday. The firm has a market capitalization of $6.92 billion, a P/E ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.69 and a 12-month high of $98.24. The firm has a fifty day moving average price of $96.43 and a 200-day moving average price of $96.99.

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.