Manning & Napier Advisors LLC Buys New Shares in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Manning & Napier Advisors LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,003 shares of the exchange traded fund’s stock, valued at approximately $2,734,000.

Several other institutional investors have also added to or reduced their stakes in JNK. Nations Financial Group Inc. IA ADV increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.2% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 10,427 shares of the exchange traded fund’s stock worth $988,000 after buying an additional 126 shares during the period. Founders Financial Securities LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.8% during the first quarter. Founders Financial Securities LLC now owns 4,831 shares of the exchange traded fund’s stock valued at $460,000 after acquiring an additional 130 shares during the last quarter. Azimuth Capital Investment Management LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 6.2% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,449 shares of the exchange traded fund’s stock worth $232,000 after purchasing an additional 143 shares during the period. Petix & Botte Co grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 5.4% in the fourth quarter. Petix & Botte Co now owns 3,088 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 157 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 0.8% during the 4th quarter. Perigon Wealth Management LLC now owns 22,584 shares of the exchange traded fund’s stock valued at $2,139,000 after purchasing an additional 170 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 Stock Performance

NYSEARCA:JNK traded down $0.02 during trading hours on Friday, hitting $95.05. The company had a trading volume of 8,260,998 shares, compared to its average volume of 4,698,980. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $87.79 and a 52 week high of $95.89. The stock has a 50-day moving average price of $94.71 and a 200 day moving average price of $94.43.

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.