IHT Wealth Management LLC Cuts Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

IHT Wealth Management LLC lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 40.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,308 shares of the exchange traded fund’s stock after selling 1,587 shares during the period. IHT Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JNK. Valley National Advisers Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $29,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 38.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 118 shares during the last quarter. Realta Investment Advisors lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% in the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 210 shares during the last quarter. Transce3nd LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $53,000. Finally, Boyd Watterson Asset Management LLC OH lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock worth $147,000 after acquiring an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $95.03 on Tuesday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 19.36 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.41 and a fifty-two week high of $97.90. The firm has a 50 day moving average price of $94.86 and a 200-day moving average price of $95.87.

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.