TD Asset Management Inc Buys Shares of 823,882 SPDR Bloomberg High Yield Bond ETF $JNK

TD Asset Management Inc bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 823,882 shares of the exchange traded fund’s stock, valued at approximately $80,090,000.

Other hedge funds have also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $26,000. Caitlin John LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $29,000. Evolution Wealth Management Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 175 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $35,000. Finally, Olistico Wealth LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $36,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $95.73 on Friday. The stock has a market cap of $7.24 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The stock has a fifty day moving average of $96.25 and a 200-day moving average of $96.78.

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.