Brindle & Bay Financial Advisors LLC Has $4.62 Million Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Brindle & Bay Financial Advisors LLC lowered its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,308 shares of the exchange traded fund’s stock after selling 7,665 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises about 2.8% of Brindle & Bay Financial Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Brindle & Bay Financial Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $4,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JNK. State Street Corp increased its position in SPDR Bloomberg High Yield Bond ETF by 14.2% during the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after buying an additional 1,577,119 shares during the last quarter. Assetmark Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 3.7% during the fourth quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock valued at $552,492,000 after buying an additional 203,301 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock worth $529,343,000 after buying an additional 223,339 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% in the third quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after buying an additional 61,514 shares during the last quarter. Finally, American Family Investments Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $202,974,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $95.93 on Monday. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The business’s 50-day simple moving average is $96.19 and its 200-day simple moving average is $96.62. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week 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.