Migdal Insurance & Financial Holdings Ltd. Lowers Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Migdal Insurance & Financial Holdings Ltd. lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 132,098 shares of the exchange traded fund’s stock after selling 13,470 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $12,946,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Key Financial Inc acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at $34,000. First Community Trust NA purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $39,000. Trust Co. of Vermont lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 41,800.0% during the third quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 418 shares in the last quarter. Beacon Capital Management Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $52,000. Finally, Beacon Capital Management LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $56,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

Shares of JNK opened at $97.59 on Wednesday. The company has a market cap of $7.85 billion, a P/E ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.40 and a fifty-two week high of $98.24. The firm’s 50 day moving average price is $97.21 and its 200 day moving average price is $97.19.

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.