Thrivent Financial for Lutherans Reduces Position in SPDR Bloomberg High Yield Bond ETF $JNK

Thrivent Financial for Lutherans trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 15.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,306,864 shares of the exchange traded fund’s stock after selling 238,961 shares during the period. Thrivent Financial for Lutherans’ holdings in SPDR Bloomberg High Yield Bond ETF were worth $127,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of JNK. Franklin Resources Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 124 shares during the period. Pure Financial Advisors LLC boosted its holdings in 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 worth $1,113,000 after purchasing an additional 136 shares during the last quarter. Smartleaf Asset Management LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 4.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,845 shares of the exchange traded fund’s stock worth $373,000 after purchasing an additional 178 shares during the period. Comerica Bank raised its stake in SPDR Bloomberg High Yield Bond ETF by 0.5% during the 1st quarter. Comerica Bank now owns 41,472 shares of the exchange traded fund’s stock valued at $3,952,000 after buying an additional 194 shares during the last quarter. Finally, Western Wealth Management LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 7.6% during the 2nd quarter. Western Wealth Management LLC now owns 2,752 shares of the exchange traded fund’s stock valued at $268,000 after buying an additional 194 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $97.07 on Friday. The company has a market cap of $8.12 billion, a P/E ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24. The stock’s fifty day moving average price is $97.12 and its 200-day moving average price is $96.96.

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.