Pinnacle Financial Partners Inc Raises Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Pinnacle Financial Partners Inc increased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,216 shares of the exchange traded fund’s stock after purchasing an additional 156 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $212,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 978.9% during the 3rd quarter. World Investment Advisors LLC now owns 23,325 shares of the exchange traded fund’s stock worth $2,281,000 after purchasing an additional 21,163 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 15,612 shares of the exchange traded fund’s stock worth $1,527,000 after purchasing an additional 859 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,512 shares of the exchange traded fund’s stock worth $1,615,000 after purchasing an additional 567 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 5.6% during the 4th quarter. Merit Financial Group LLC now owns 5,113 shares of the exchange traded fund’s stock worth $488,000 after purchasing an additional 270 shares during the last quarter. Finally, Apollon Financial LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 17.8% during the 4th quarter. Apollon Financial LLC now owns 7,927 shares of the exchange traded fund’s stock worth $757,000 after purchasing an additional 1,195 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $96.63 on Monday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.47 and a 1-year high of $97.90. The business has a fifty day moving average price of $96.15 and a 200 day moving average price of $96.51.

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.