Bank of New York Mellon Corp Sells 298,731 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Bank of New York Mellon Corp lessened its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 21.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,111,431 shares of the exchange traded fund’s stock after selling 298,731 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.33% of SPDR Bloomberg High Yield Bond ETF worth $108,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 30.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 21,204 shares of the exchange traded fund’s stock valued at $2,021,000 after purchasing an additional 4,895 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $60,000. Cordatus Wealth Management LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 123.4% during the 1st quarter. Cordatus Wealth Management LLC now owns 12,083 shares of the exchange traded fund’s stock valued at $1,151,000 after purchasing an additional 6,675 shares during the last quarter. Parallel Advisors LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 34.6% in the second quarter. Parallel Advisors LLC now owns 2,536 shares of the exchange traded fund’s stock valued at $247,000 after buying an additional 652 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 24.1% during the first quarter. Avantax Advisory Services Inc. now owns 9,621 shares of the exchange traded fund’s stock worth $917,000 after buying an additional 1,868 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

NYSEARCA JNK opened at $96.76 on Friday. 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 50 day moving average of $97.45 and a 200-day moving average of $96.59. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF 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.