Cullen Frost Bankers Inc. Has $2.50 Million Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Cullen Frost Bankers Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,349 shares of the exchange traded fund’s stock after acquiring an additional 8,640 shares during the period. Cullen Frost Bankers Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wright Fund Management LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 9.5% during the third quarter. Wright Fund Management LLC now owns 4,796,606 shares of the exchange traded fund’s stock worth $433,613,000 after purchasing an additional 416,798 shares during the period. Assetmark Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 0.3% during the 3rd quarter. Assetmark Inc. now owns 3,498,112 shares of the exchange traded fund’s stock worth $316,229,000 after purchasing an additional 11,973 shares in the last quarter. Schroder Investment Management Group raised its holdings in SPDR Bloomberg High Yield Bond ETF by 4,254.2% during the third quarter. Schroder Investment Management Group now owns 979,690 shares of the exchange traded fund’s stock worth $88,564,000 after buying an additional 957,190 shares during the last quarter. Toews Corp ADV acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $69,939,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 0.7% during the third quarter. PNC Financial Services Group Inc. now owns 737,503 shares of the exchange traded fund’s stock valued at $66,670,000 after purchasing an additional 5,319 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2 %

Shares of JNK stock opened at $94.21 on Thursday. The firm’s 50-day simple moving average is $94.17 and its two-hundred day simple moving average is $93.55. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $87.79 and a 52 week high of $95.59.

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.