Goldman Sachs Group Inc. Has $111.51 Million Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Goldman Sachs Group Inc. reduced its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,147,117 shares of the exchange traded fund’s stock after selling 19,507 shares during the period. Goldman Sachs Group Inc. owned about 1.41% of SPDR Bloomberg High Yield Bond ETF worth $111,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID bought a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $26,000. Caitlin John LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $29,000. Brown Brothers Harriman & Co. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $35,000. Olistico Wealth LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $36,000. Finally, Principia Wealth Advisory LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $39,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

NYSEARCA JNK opened at $95.80 on Tuesday. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $94.49 and a twelve month high of $98.24. The business’s fifty day moving average is $96.26 and its 200 day moving average is $96.78.

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.