SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,210,908 shares of the exchange traded fund’s stock after acquiring an additional 125,140 shares during the period. Thrivent Financial for Lutherans owned 1.35% of SPDR Bloomberg High Yield Bond ETF worth $114,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Redmont Wealth Advisors LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $29,000. Olistico Wealth LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $35,000. Transcendent Capital Group LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $41,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $47,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $97.74 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $87.79 and a 52-week high of $97.90. The firm has a 50-day moving average price of $96.04 and a 200 day moving average price of $94.86.

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.