Brindle & Bay Financial Advisors LLC Buys New Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Brindle & Bay Financial Advisors LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 55,973 shares of the exchange traded fund’s stock, valued at approximately $5,441,000. SPDR Bloomberg High Yield Bond ETF makes up approximately 3.6% of Brindle & Bay Financial Advisors LLC’s portfolio, making the stock its 6th biggest holding. Brindle & Bay Financial Advisors LLC owned 0.07% of SPDR Bloomberg High Yield Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% during the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after acquiring an additional 1,577,119 shares during the last quarter. Assetmark Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% during the 4th quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock worth $552,492,000 after purchasing an additional 203,301 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after purchasing an additional 61,514 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock worth $276,978,000 after purchasing an additional 80,325 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after buying an additional 865,123 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.2%

NYSEARCA:JNK opened at $96.89 on Friday. The stock has a fifty day simple moving average of $96.35 and a 200-day simple moving average of $96.95. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.18 and a 52-week high of $98.24. The company has a market capitalization of $7.31 billion, a PE ratio of 19.96 and a beta of 0.43.

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.