Assetmark Inc. Purchases 191,636 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Assetmark Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,875,122 shares of the exchange traded fund’s stock after buying an additional 191,636 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises approximately 1.1% of Assetmark Inc.’s investment portfolio, making the stock its 14th biggest position. Assetmark Inc. owned 7.76% of SPDR Bloomberg High Yield Bond ETF worth $562,367,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Advisory Alpha LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 1.5% in the 4th quarter. Advisory Alpha LLC now owns 6,920 shares of the exchange traded fund’s stock valued at $673,000 after acquiring an additional 105 shares during the last quarter. Sharper & Granite LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 1.7% in the fourth quarter. Sharper & Granite LLC now owns 6,353 shares of the exchange traded fund’s stock worth $618,000 after purchasing an additional 107 shares during the period. Banque Cantonale Vaudoise lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the first quarter. Banque Cantonale Vaudoise now owns 920 shares of the exchange traded fund’s stock worth $88,000 after purchasing an additional 108 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.7% during the third quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 120 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 8.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,499 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 122 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.0%

Shares of JNK opened at $96.08 on Friday. The firm has a fifty day moving average price of $96.15 and a 200-day moving average price of $96.59. The firm has a market capitalization of $7.23 billion, a P/E ratio of 19.96 and a beta of 0.41. 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 Company 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.