Tucker Asset Management LLC Increases Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Tucker Asset Management LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 2,742.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,088 shares of the exchange traded fund’s stock after buying an additional 4,909 shares during the quarter. Tucker Asset Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $486,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Citigroup Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.7% during the 3rd quarter. Citigroup Inc. now owns 43,386 shares of the exchange traded fund’s stock worth $4,243,000 after purchasing an additional 1,132 shares during the last quarter. Bank of Montreal Can increased its position in SPDR Bloomberg High Yield Bond ETF by 9.0% in the third quarter. Bank of Montreal Can now owns 54,119 shares of the exchange traded fund’s stock worth $5,292,000 after buying an additional 4,449 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 7.4% in the third quarter. The Manufacturers Life Insurance Company now owns 349,774 shares of the exchange traded fund’s stock valued at $34,204,000 after buying an additional 24,086 shares during the period. D.A. Davidson & CO. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.7% in the third quarter. D.A. Davidson & CO. now owns 35,600 shares of the exchange traded fund’s stock valued at $3,481,000 after buying an additional 923 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 14.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 19,614 shares of the exchange traded fund’s stock worth $1,918,000 after acquiring an additional 2,499 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $95.21 on Friday. The firm has a market cap of $7.87 billion, a P/E ratio of 20.14 and a beta of 0.48. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $92.47 and a fifty-two week high of $97.90. The business has a 50-day moving average of $96.29 and a 200 day moving average of $96.46.

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.