SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Phillips Financial Management LLC

Phillips Financial Management LLC decreased its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,762 shares of the exchange traded fund’s stock after selling 536 shares during the period. Phillips Financial Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,117,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. North Capital Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at $32,000. Truvestments Capital LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 73.9% in the 1st 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 during the last quarter. Beacon Capital Management LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $56,000. Finally, Realta Investment Advisors raised its position in SPDR Bloomberg High Yield Bond ETF by 38.5% in the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $97.37 on Wednesday. The company has a fifty day moving average price of $97.43 and a 200 day moving average price of $96.19. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24. The company has a market cap of $8.22 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.