Berkshire Money Management Inc. Grows Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Berkshire Money Management Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.6% during the first quarter, HoldingsChannel reports. The firm owned 172,651 shares of the exchange traded fund’s stock after buying an additional 16,594 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for 1.7% of Berkshire Money Management Inc.’s portfolio, making the stock its 17th largest position. Berkshire Money Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $16,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Citigroup Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 16.3% in the third quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock worth $6,456,000 after acquiring an additional 9,222 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 65.7% during the 1st quarter. Signal Advisors Wealth LLC now owns 18,735 shares of the exchange traded fund’s stock valued at $1,793,000 after purchasing an additional 7,428 shares in the last quarter. Kelsey Financial LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $1,462,000. Global Endowment Management LP grew its stake in SPDR Bloomberg High Yield Bond ETF by 200.0% during the 3rd quarter. Global Endowment Management LP now owns 15,000 shares of the exchange traded fund’s stock valued at $1,470,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 64.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,729 shares of the exchange traded fund’s stock worth $1,729,000 after purchasing an additional 6,927 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

Shares of JNK opened at $96.28 on Friday. The business’s 50 day moving average is $96.35 and its two-hundred day moving average is $96.69. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

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.