Legacy Wealth Partners LLC reduced its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 78.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,770 shares of the exchange traded fund’s stock after selling 13,838 shares during the quarter. Legacy Wealth Partners LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $350,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of JNK. Activest Wealth Management increased its stake in SPDR Bloomberg High Yield Bond ETF by 250.5% during the third quarter. Activest Wealth Management now owns 4,406 shares of the exchange traded fund’s stock worth $409,000 after purchasing an additional 3,149 shares during the period. Financial & Tax Architects LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 12.5% during the third quarter. Financial & Tax Architects LLC now owns 58,838 shares of the exchange traded fund’s stock worth $5,457,000 after purchasing an additional 6,548 shares in the last quarter. Brindle & Bay Financial Advisors LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 58.6% during the third quarter. Brindle & Bay Financial Advisors LLC now owns 115,154 shares of the exchange traded fund’s stock worth $10,681,000 after purchasing an additional 42,531 shares in the last quarter. MPS Loria Financial Planners LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 36.1% in the third quarter. MPS Loria Financial Planners LLC now owns 3,986 shares of the exchange traded fund’s stock valued at $370,000 after purchasing an additional 1,057 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.0% in the third quarter. Sound Income Strategies LLC now owns 58,602 shares of the exchange traded fund’s stock valued at $5,434,000 after purchasing an additional 563 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.
SPDR Bloomberg High Yield Bond ETF Stock Performance
Shares of JNK stock opened at $92.65 on Friday. The stock has a market capitalization of $5.84 billion, a P/E ratio of 19.96 and a beta of 0.42. The company has a 50 day moving average price of $94.55 and a 200 day moving average price of $95.58. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $91.71 and a fifty-two week high of $98.08.
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.
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