Brookstone Capital Management Has $5.22 Million Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Brookstone Capital Management grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 56.5% during the 4th quarter, HoldingsChannel reports. The firm owned 53,690 shares of the exchange traded fund’s stock after acquiring an additional 19,385 shares during the quarter. Brookstone Capital Management’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $5,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. State Street Corp raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% in the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after buying an additional 1,577,119 shares in the last quarter. Assetmark Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock valued at $537,003,000 after buying an additional 414,165 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 1.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock valued at $341,435,000 after buying an additional 61,514 shares in the last quarter. Envestnet Asset Management Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock valued at $276,978,000 after acquiring an additional 80,325 shares during the period. Finally, Gallagher Fiduciary Advisors LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 9,700.8% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock valued at $258,494,000 after acquiring an additional 2,630,378 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $95.47 on Thursday. The firm has a market capitalization of $7.76 billion, a P/E ratio of 19.96 and a beta of 0.42. The stock has a fifty day moving average price of $96.70 and a two-hundred day moving average price of $97.10. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.24.

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.