Counterpoint Mutual Funds LLC Acquires New Shares in SPDR Bloomberg High Yield Bond ETF $JNK

Counterpoint Mutual Funds LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 472,367 shares of the exchange traded fund’s stock, valued at approximately $45,947,000. SPDR Bloomberg High Yield Bond ETF makes up about 4.1% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 5th biggest position. Counterpoint Mutual Funds LLC owned 0.57% of SPDR Bloomberg High Yield Bond ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 162,100.0% in the 1st quarter. NBC Securities Inc. now owns 1,622 shares of the exchange traded fund’s stock valued at $154,000 after acquiring an additional 1,621 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 30.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 21,204 shares of the exchange traded fund’s stock valued at $2,021,000 after acquiring an additional 4,895 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at approximately $372,000. Cordatus Wealth Management LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 123.4% in the 1st quarter. Cordatus Wealth Management LLC now owns 12,083 shares of the exchange traded fund’s stock valued at $1,151,000 after acquiring an additional 6,675 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 24.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 9,621 shares of the exchange traded fund’s stock valued at $917,000 after acquiring an additional 1,868 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

JNK stock opened at $98.19 on Tuesday. The stock has a market capitalization of $8.35 billion, a PE ratio of 19.96 and a beta of 0.45. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.20. The stock’s 50 day simple moving average is $97.15 and its 200 day simple moving average is $95.88.

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.