KFA Private Wealth Group LLC Sells 47,874 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

KFA Private Wealth Group LLC reduced its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 87.2% during the 1st quarter, HoldingsChannel reports. The firm owned 7,001 shares of the exchange traded fund’s stock after selling 47,874 shares during the quarter. KFA Private Wealth Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $670,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Legacy Wealth Managment LLC ID acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $26,000. Brown Lisle Cummings Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at approximately $27,000. Caitlin John LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at approximately $29,000. Evolution Wealth Management Inc. grew its holdings in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 175 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $35,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

Shares of NYSEARCA JNK opened at $96.19 on Thursday. The business’s 50 day moving average is $96.36 and its two-hundred day moving average is $96.70. The company has a market cap of $7.28 billion, a P/E ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24.

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.