Fifth Third Bancorp Buys 43,902 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Fifth Third Bancorp raised its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7,024.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,527 shares of the exchange traded fund’s stock after purchasing an additional 43,902 shares during the period. Fifth Third Bancorp owned 0.06% of SPDR Bloomberg High Yield Bond ETF worth $4,262,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted 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 valued at $1,240,828,000 after buying an additional 1,577,119 shares during the last quarter. Assetmark Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 3.7% in the 4th quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock valued at $552,492,000 after purchasing an additional 203,301 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock worth $529,343,000 after buying an additional 223,339 shares during the last quarter. American Family Investments Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $202,974,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,065,815 shares of the exchange traded fund’s stock worth $201,131,000 after purchasing an additional 94,200 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 Performance

Shares of JNK opened at $95.98 on Friday. The business has a 50-day moving average of $96.14 and a 200 day moving average of $96.58. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The firm has a market cap of $7.23 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.