Arta Finance Wealth Management LLC Takes Position in SPDR Bloomberg High Yield Bond ETF $JNK

Arta Finance Wealth Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,494 shares of the exchange traded fund’s stock, valued at approximately $534,000.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its holdings 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 purchasing an additional 1,577,119 shares in the last quarter. Assetmark Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock valued at $537,003,000 after acquiring an additional 414,165 shares during the period. Clark Capital Management Group Inc. lifted its stake in 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 valued at $341,435,000 after acquiring an additional 61,514 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 valued at $276,978,000 after acquiring an additional 80,325 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% during 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 acquiring an additional 2,630,378 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $95.72 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The firm has a market capitalization of $6.98 billion, a PE ratio of 19.96 and a beta of 0.42. The company has a 50 day moving average price of $96.61 and a 200-day moving average price of $97.07.

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.