Red Wave Investments LLC Trims Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Red Wave Investments LLC trimmed its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,684 shares of the exchange traded fund’s stock after selling 1,322 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for approximately 0.9% of Red Wave Investments LLC’s holdings, making the stock its 26th largest position. Red Wave Investments LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,452,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 4.1% during the third quarter. Assetmark Inc. now owns 4,446,240 shares of the exchange traded fund’s stock valued at $434,798,000 after purchasing an additional 174,815 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after purchasing an additional 8,872,450 shares during the period. World Investment Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after buying an additional 1,963,931 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock valued at $134,617,000 after buying an additional 165,682 shares in the last quarter. Finally, Pacific Asset Management LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 27.7% in the 3rd quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after buying an additional 190,796 shares during the period. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $96.63 on Friday. The business’s 50-day simple moving average is $96.15 and its two-hundred day simple moving average is $96.48. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $92.47 and a 52 week high of $97.90.

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.