SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,449,296 shares of the exchange traded fund’s stock after purchasing an additional 278,292 shares during the period. Wells Fargo & Company MN owned about 5.21% of SPDR Bloomberg High Yield Bond ETF worth $424,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in JNK. Valley National Advisers Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $29,000. Creative Financial Designs Inc. ADV boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 38.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 118 shares in the last quarter. Realta Investment Advisors boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 89.7% during the fourth quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 210 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its position in SPDR Bloomberg High Yield Bond ETF by 3,658.5% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 1,500 shares during the period. Finally, Continuum Advisory LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 254.2% in the third quarter. Continuum Advisory LLC now owns 1,679 shares of the exchange traded fund’s stock valued at $162,000 after buying an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 1.5 %

JNK stock opened at $92.45 on Friday. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48. The firm has a 50 day moving average of $96.06 and a 200-day moving average of $96.37. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.08 and a 12-month high of $97.90.

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.