Pinnacle Financial Partners Inc Grows Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Pinnacle Financial Partners Inc raised its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,216 shares of the exchange traded fund’s stock after buying an additional 156 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JNK. Integrated Capital Management LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.6% in the fourth quarter. Integrated Capital Management LLC now owns 6,758 shares of the exchange traded fund’s stock valued at $645,000 after purchasing an additional 105 shares during the period. Auour Investments LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.5% in the fourth quarter. Auour Investments LLC now owns 7,492 shares of the exchange traded fund’s stock valued at $725,000 after purchasing an additional 108 shares during the period. BlueSky Wealth Advisors LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.4% in the fourth quarter. BlueSky Wealth Advisors LLC now owns 30,685 shares of the exchange traded fund’s stock valued at $2,929,000 after purchasing an additional 129 shares during the period. VisionPoint Advisory Group LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 5.1% in the fourth quarter. VisionPoint Advisory Group LLC now owns 2,692 shares of the exchange traded fund’s stock valued at $258,000 after purchasing an additional 131 shares during the period. Finally, Stephenson & Company Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.7% in the fourth quarter. Stephenson & Company Inc. now owns 19,214 shares of the exchange traded fund’s stock valued at $1,834,000 after purchasing an additional 137 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $96.63 on Monday. The stock’s 50-day simple moving average is $96.15 and its 200-day simple moving average is $96.51. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $92.47 and a fifty-two week high of $97.90.

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.