Jessup Wealth Management Inc Has $10.62 Million Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Jessup Wealth Management Inc decreased its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,580 shares of the exchange traded fund’s stock after selling 2,140 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up approximately 4.9% of Jessup Wealth Management Inc’s portfolio, making the stock its 5th largest holding. Jessup Wealth Management Inc’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $10,618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of JNK. Ocean Park Asset Management LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 6.0% in the 2nd quarter. Ocean Park Asset Management LLC now owns 4,790,796 shares of the exchange traded fund’s stock worth $451,628,000 after buying an additional 273,096 shares during the period. Envestnet Asset Management Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,156,310 shares of the exchange traded fund’s stock worth $297,545,000 after purchasing an additional 19,504 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 25.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock worth $259,047,000 after purchasing an additional 550,840 shares during the period. Jane Street Group LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 223.6% during the first quarter. Jane Street Group LLC now owns 2,545,240 shares of the exchange traded fund’s stock valued at $242,307,000 after buying an additional 1,758,741 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.5% in the second quarter. Thrivent Financial for Lutherans now owns 1,210,908 shares of the exchange traded fund’s stock valued at $114,153,000 after buying an additional 125,140 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1 %

JNK stock traded up $0.13 during trading on Friday, reaching $96.70. 362,323 shares of the stock were exchanged, compared to its average volume of 4,364,215. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $87.79 and a twelve month high of $97.90. The stock has a 50 day simple moving average of $96.53 and a 200-day simple moving average of $95.10.

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.