Virtue Capital Management LLC Sells 8,030 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Virtue Capital Management LLC trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 54.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,731 shares of the exchange traded fund’s stock after selling 8,030 shares during the period. Virtue Capital Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Talon Private Wealth LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 24.6% during the 2nd quarter. Talon Private Wealth LLC now owns 41,170 shares of the exchange traded fund’s stock worth $3,968,000 after purchasing an additional 8,130 shares during the last quarter. Tucker Asset Management LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 1,398.2% in the 2nd quarter. Tucker Asset Management LLC now owns 8,495 shares of the exchange traded fund’s stock valued at $819,000 after buying an additional 7,928 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 189.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 593,914 shares of the exchange traded fund’s stock valued at $57,236,000 after buying an additional 388,579 shares in the last quarter. Silverleafe Capital Partners LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $15,118,000. Finally, Continuum Advisory LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at $790,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $92.26 on Tuesday. The stock has a fifty day moving average of $93.79 and a two-hundred day moving average of $95.72. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $91.71 and a fifty-two week high of $98.03.

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.