SPDR Bloomberg High Yield Bond ETF $JNK Stock Position Raised by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 961.9% during the second quarter, Holdings Channel reports. The fund owned 223,000 shares of the exchange traded fund’s stock after acquiring an additional 202,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $21,691,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. North Capital Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at approximately $30,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at approximately $32,000. Truvestments Capital LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% in the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 212 shares in the last quarter. Beacon Capital Management LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at approximately $56,000. Finally, Realta Investment Advisors raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 38.5% in the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 171 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $97.91 on Wednesday. The stock’s 50 day simple moving average is $97.51 and its 200 day simple moving average is $96.40. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.