SPDR Bloomberg High Yield Bond ETF $JNK Stock Position Lessened by Aristotle Pacific Capital LLC

Aristotle Pacific Capital LLC trimmed its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 59.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 235,000 shares of the exchange traded fund’s stock after selling 339,407 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for about 18.3% of Aristotle Pacific Capital LLC’s holdings, making the stock its 3rd largest position. Aristotle Pacific Capital LLC owned about 0.31% of SPDR Bloomberg High Yield Bond ETF worth $22,494,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. American Family Investments Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $202,974,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $174,978,000. State Street Corp boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% during the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after acquiring an additional 1,577,119 shares during the last quarter. TD Asset Management Inc bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $80,090,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $49,475,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $95.39 on Friday. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 and a one year high of $98.24. The stock has a market cap of $7.12 billion, a PE ratio of 19.96 and a beta of 0.41. The firm has a 50 day simple moving average of $96.09 and a two-hundred day simple moving average of $96.53.

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.