Mount Lucas Management LP Raises Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Mount Lucas Management LP raised its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,099 shares of the exchange traded fund’s stock after purchasing an additional 644 shares during the quarter. Mount Lucas Management LP’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $37,000. Realta Investment Advisors boosted its stake in SPDR Bloomberg High Yield Bond ETF by 89.7% in the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 210 shares in the last quarter. ESL Trust Services LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth approximately $75,000. Finally, Boyd Watterson Asset Management LLC OH lifted its position in SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock valued at $147,000 after acquiring an additional 1,500 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.11 on Monday. The business’s fifty day moving average is $96.35 and its 200 day moving average is $96.57. The stock has a market capitalization of $8.68 billion, a PE ratio of 20.14 and a beta of 0.48. SPDR Bloomberg High Yield Bond ETF has a one year low of $92.47 and a one year 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.