Woodward Diversified Capital LLC Has $465,000 Position in SPDR Bloomberg High Yield Bond ETF $JNK

Woodward Diversified Capital LLC lowered its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,785 shares of the exchange traded fund’s stock after selling 607 shares during the quarter. Woodward Diversified Capital LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $465,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JNK. North Capital Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth $32,000. Truvestments Capital LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% during the first quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 212 shares during the period. Hoey Investments Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth $54,000. Finally, Beacon Capital Management LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $56,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK opened at $97.64 on Thursday. The business’s 50-day moving average price is $97.32 and its two-hundred day moving average price is $95.99. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 19.96 and a beta of 0.45.

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.