Point72 Asset Management L.P. Purchases New Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Point72 Asset Management L.P. purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,000 shares of the exchange traded fund’s stock, valued at approximately $1,956,000.

A number of other institutional investors also recently modified their holdings of JNK. Dynamic Advisor Solutions LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $420,000 after purchasing an additional 152 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 15.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 304,434 shares of the exchange traded fund’s stock worth $28,699,000 after buying an additional 40,997 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% during the 2nd quarter. Westside Investment Management Inc. now owns 6,372 shares of the exchange traded fund’s stock worth $601,000 after acquiring an additional 212 shares in the last quarter. BlueSky Wealth Advisors LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $2,921,000. Finally, Lorne Steinberg Wealth Management Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 103.1% in the 2nd quarter. Lorne Steinberg Wealth Management Inc. now owns 12,630 shares of the exchange traded fund’s stock valued at $1,191,000 after acquiring an additional 6,410 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1 %

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.97 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90. The stock has a 50 day moving average price of $96.72 and a two-hundred day moving average price of $95.91.

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.