Royal Bank of Canada Acquires 62,656 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Royal Bank of Canada lifted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 19.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 381,608 shares of the exchange traded fund’s stock after purchasing an additional 62,656 shares during the period. Royal Bank of Canada owned 0.50% of SPDR Bloomberg High Yield Bond ETF worth $36,526,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $26,000. Brown Lisle Cummings Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at about $27,000. Ascentis Independent Advisors acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at about $29,000. NFSG Corp raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 141 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK opened at $95.45 on Tuesday. The firm has a market cap of $6.90 billion, a P/E ratio of 19.96 and a beta of 0.41. The business has a 50 day moving average price of $96.04 and a 200 day moving average price of $96.43. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $94.49 and a twelve month high of $98.24.

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.