Concurrent Investment Advisors LLC Has $1.52 Million Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Concurrent Investment Advisors LLC raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,935 shares of the exchange traded fund’s stock after acquiring an additional 2,337 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,521,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JNK. JPMorgan Chase & Co. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% in the third quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after purchasing an additional 8,872,450 shares during the period. World Investment Advisors LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 90,838.6% in the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after buying an additional 1,963,931 shares during the period. BNP Paribas Financial Markets increased its holdings in SPDR Bloomberg High Yield Bond ETF by 401.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 776,841 shares of the exchange traded fund’s stock valued at $75,967,000 after buying an additional 621,906 shares during the period. Pacific Asset Management LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 27.7% in the 3rd quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock valued at $86,051,000 after buying an additional 190,796 shares during the period. Finally, Strategic Investment Management LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $17,441,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK opened at $96.63 on Friday. The company’s 50 day moving average is $96.15 and its 200-day moving average is $96.50. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.47 and a 1-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.