Fortis Capital Management LLC Buys New Shares in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Fortis Capital Management LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,339 shares of the exchange traded fund’s stock, valued at approximately $2,037,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after purchasing an additional 517,382 shares in the last quarter. JPMorgan Chase & Co. raised its position in SPDR Bloomberg High Yield Bond ETF by 134.4% in the third quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock worth $222,177,000 after purchasing an additional 8,872,450 shares in the last quarter. World Investment Advisors LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the third quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock worth $192,264,000 after buying an additional 1,963,931 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,514,282 shares of the exchange traded fund’s stock worth $144,568,000 after buying an additional 61,403 shares in the last quarter. Finally, Pacific Asset Management LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% during the third quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after buying an additional 190,796 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1 %

NYSEARCA JNK opened at $95.76 on Friday. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48. The company has a 50 day moving average of $96.32 and a 200-day moving average of $96.49. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.47 and a 1-year high of $97.90.

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.