Principal Financial Group Inc. Has $1.53 Million Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Principal Financial Group Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,612 shares of the exchange traded fund’s stock after buying an additional 859 shares during the quarter. Principal Financial Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,527,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Ocean Park Asset Management LLC grew its position in shares of 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 valued at $451,628,000 after buying an additional 273,096 shares during the last quarter. Assetmark Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 4.1% in the third quarter. Assetmark Inc. now owns 4,446,240 shares of the exchange traded fund’s stock valued at $434,798,000 after acquiring an additional 174,815 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,156,310 shares of the exchange traded fund’s stock valued at $297,545,000 after purchasing an additional 19,504 shares during the period. World Investment Advisors LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock worth $192,264,000 after purchasing an additional 1,963,931 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock worth $134,617,000 after purchasing an additional 165,682 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.2 %

JNK opened at $95.95 on Friday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $92.47 and a twelve month high of $97.90. The company has a fifty day moving average of $96.37 and a 200-day moving average of $96.12.

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.