SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Phillips Financial Management LLC

Phillips Financial Management LLC lowered its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 22,561 shares of the exchange traded fund’s stock after selling 1,515 shares during the quarter. Phillips Financial Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after buying an additional 517,382 shares in the last quarter. JPMorgan Chase & Co. raised its position in SPDR Bloomberg High Yield Bond ETF by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after purchasing an additional 8,872,450 shares during the last quarter. World Investment Advisors LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock worth $192,264,000 after purchasing an additional 1,963,931 shares during the period. Bank of New York Mellon Corp lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,514,282 shares of the exchange traded fund’s stock valued at $144,568,000 after purchasing an additional 61,403 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 13.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock worth $134,617,000 after acquiring an additional 165,682 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1 %

Shares of NYSEARCA:JNK opened at $95.40 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $92.47 and a 52-week high of $97.90. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48. The company has a 50 day moving average of $96.35 and a two-hundred day moving average of $96.54.

SPDR Bloomberg High Yield Bond ETF Company 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.