RFG Advisory LLC Lowers Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

RFG Advisory LLC trimmed its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 73.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,605 shares of the exchange traded fund’s stock after selling 122,041 shares during the quarter. RFG Advisory LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $4,339,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth $32,000. Truvestments Capital LLC lifted its holdings in shares of 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 worth $48,000 after buying an additional 212 shares during the period. Beacon Capital Management LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $56,000. Finally, Realta Investment Advisors lifted its holdings in shares of 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 worth $59,000 after buying an additional 171 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

Shares of JNK stock opened at $96.98 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 19.96 and a beta of 0.45. The stock has a fifty day simple moving average of $97.38 and a two-hundred day simple moving average of $96.09.

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.