Sumitomo Mitsui Trust Group Inc. Acquires 47,000 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 47,000 shares of the exchange traded fund’s stock, valued at approximately $4,359,000. Sumitomo Mitsui Trust Group Inc. owned about 0.07% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JNK. State Street Corp increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 23.5% in the second quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock valued at $1,317,557,000 after purchasing an additional 2,597,336 shares in the last quarter. Assetmark Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 3.4% during the 1st quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock worth $562,367,000 after buying an additional 191,636 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in SPDR Bloomberg High Yield Bond ETF by 23.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock valued at $216,485,000 after buying an additional 424,952 shares during the last quarter. Bank of America Corp DE increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.0% in the 1st quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock valued at $80,978,000 after buying an additional 97,474 shares during the period. Finally, BLB&B Advisors LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $63,764,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock traded down $0.08 on Friday, reaching $92.70. 1,448,694 shares of the stock were exchanged, compared to its average volume of 4,077,096. The stock has a market cap of $6.20 billion, a PE ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a one year low of $91.71 and a one year high of $98.03. The stock has a 50 day moving average price of $93.52 and a 200 day moving average price of $95.62.

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.