BNP Paribas Financial Markets Has $75.97 Million Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

BNP Paribas Financial Markets lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 401.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 776,841 shares of the exchange traded fund’s stock after buying an additional 621,906 shares during the quarter. BNP Paribas Financial Markets’ holdings in SPDR Bloomberg High Yield Bond ETF were worth $75,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of JNK. Redmont Wealth Advisors LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $29,000. Creative Financial Designs Inc. ADV acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $30,000. Olistico Wealth LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $35,000. Finally, Truvestments Capital LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $97.14 on Thursday. The company has a fifty day simple moving average of $96.83 and a 200 day simple moving average of $95.74. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $91.90 and a 12-month high of $97.90.

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.