SPDR Bloomberg High Yield Bond ETF $JNK is Counterpoint Mutual Funds LLC’s 4th Largest Position

Counterpoint Mutual Funds LLC decreased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 77.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,061 shares of the exchange traded fund’s stock after selling 551,981 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up approximately 2.3% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 4th largest position. Counterpoint Mutual Funds LLC owned approximately 0.21% of SPDR Bloomberg High Yield Bond ETF worth $15,321,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Family Investments Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $202,974,000. Northwestern Mutual Investment Management Company LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $174,978,000. State Street Corp lifted its position in SPDR Bloomberg High Yield Bond ETF by 14.2% in 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 purchasing an additional 1,577,119 shares during the period. TD Asset Management Inc purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $80,090,000. Finally, Moulton Wealth Management Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $38,544,000. 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 stock opened at $95.99 on Friday. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The stock has a 50 day simple moving average of $96.26 and a 200-day simple moving average of $96.66. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $94.49 and a 12-month high of $98.24.

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.