SPDR Bloomberg High Yield Bond ETF $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 2.4% in the second quarter, according to its most recent disclosure with the SEC. 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.

A number of other institutional investors have also recently made changes to their positions in the business. Pure Financial Advisors LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.2% in the second quarter. Pure Financial Advisors LLC now owns 11,438 shares of the exchange traded fund’s stock valued at $1,113,000 after purchasing an additional 136 shares in the last quarter. Harbour Trust & Investment Management Co grew its holdings in SPDR Bloomberg High Yield Bond ETF by 0.6% during the 1st quarter. Harbour Trust & Investment Management Co now owns 25,050 shares of the exchange traded fund’s stock worth $2,387,000 after acquiring an additional 147 shares in the last quarter. Private Trust Co. NA grew its holdings in SPDR Bloomberg High Yield Bond ETF by 3.3% during the 1st quarter. Private Trust Co. NA now owns 5,243 shares of the exchange traded fund’s stock worth $500,000 after acquiring an additional 167 shares in the last quarter. Realta Investment Advisors grew its holdings in SPDR Bloomberg High Yield Bond ETF by 38.5% during the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 171 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 2.7% during the 1st quarter. Schechter Investment Advisors LLC now owns 7,117 shares of the exchange traded fund’s stock worth $678,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

NYSEARCA JNK opened at $97.37 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The stock has a market capitalization of $8.22 billion, a PE ratio of 19.96 and a beta of 0.45. The firm has a 50 day moving average of $97.43 and a two-hundred day moving average of $96.19.

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.