BNP Paribas Financial Markets Sells 145,181 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

BNP Paribas Financial Markets trimmed its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 866,095 shares of the exchange traded fund’s stock after selling 145,181 shares during the quarter. BNP Paribas Financial Markets owned about 1.07% of SPDR Bloomberg High Yield Bond ETF worth $84,193,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. American Family Investments Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $202,974,000. Northwestern Mutual Investment Management Company LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at about $174,978,000. State Street Corp raised its holdings in SPDR Bloomberg High Yield Bond ETF by 14.2% during the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after acquiring an additional 1,577,119 shares during the period. JPMorgan Chase & Co. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 143.7% during the third quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock valued at $143,764,000 after acquiring an additional 865,123 shares during the period. Finally, Assetmark Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 8.2% during the third quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock valued at $537,003,000 after acquiring an additional 414,165 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $96.17 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $94.49 and a 1-year high of $98.24. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The business has a 50 day simple moving average of $96.19 and a two-hundred day simple moving average of $96.80.

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.