Assetmark Inc. Grows Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Assetmark Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,066,020 shares of the exchange traded fund’s stock after buying an additional 309,551 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up approximately 1.2% of Assetmark Inc.’s holdings, making the stock its 17th largest holding. Assetmark Inc. owned about 6.05% of SPDR Bloomberg High Yield Bond ETF worth $492,772,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 10.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock worth $354,458,000 after buying an additional 360,678 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.1% in the first quarter. Ameriprise Financial Inc. now owns 1,019,563 shares of the exchange traded fund’s stock worth $98,591,000 after buying an additional 31,039 shares during the period. Toews Corp ADV purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth about $51,699,000. Counterpoint Mutual Funds LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth about $45,947,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.5% in the first quarter. The Manufacturers Life Insurance Company now owns 371,156 shares of the exchange traded fund’s stock worth $35,371,000 after buying an additional 12,500 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.3%

JNK opened at $97.62 on Thursday. The company has a market cap of $8.25 billion, a P/E ratio of 19.96 and a beta of 0.42. The business’s 50-day moving average price is $97.52 and its 200-day moving average price is $96.44. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24.

SPDR Bloomberg High Yield Bond ETF Company 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.