Migdal Insurance & Financial Holdings Ltd. Sells 341,806 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 70.1% during the 2nd quarter, Holdings Channel reports. The firm owned 145,568 shares of the exchange traded fund’s stock after selling 341,806 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $14,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in JNK. North Capital Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter worth $32,000. Truvestments Capital LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 73.9% in the first quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 212 shares in the last quarter. Beacon Capital Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $56,000. Finally, Realta Investment Advisors lifted its position in SPDR Bloomberg High Yield Bond ETF by 38.5% during the first quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 171 shares during the period. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

JNK opened at $97.91 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24. The company has a 50-day simple moving average of $97.51 and a 200 day simple moving average of $96.40. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.