Gerber Kawasaki Wealth & Investment Management Increases Position in SPDR Bloomberg High Yield Bond ETF $JNK

Gerber Kawasaki Wealth & Investment Management lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 359,998 shares of the exchange traded fund’s stock after buying an additional 28,570 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for approximately 1.2% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 23rd largest holding. Gerber Kawasaki Wealth & Investment Management owned approximately 0.44% of SPDR Bloomberg High Yield Bond ETF worth $34,995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Livet Wealth LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $638,000. Laurel Oak Wealth Management LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $612,000. Rossby Financial LCC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 9.2% during the fourth quarter. Rossby Financial LCC now owns 21,064 shares of the exchange traded fund’s stock valued at $2,048,000 after buying an additional 1,768 shares during the period. HRT Financial LP purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $12,812,000. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 10.7% during the fourth quarter. Orion Porfolio Solutions LLC now owns 4,242 shares of the exchange traded fund’s stock valued at $412,000 after buying an additional 410 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $96.30 on Friday. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The company’s 50 day simple moving average is $96.34 and its 200 day simple moving average is $96.76. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year 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.