LPL Financial LLC Has $132.73 Million Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

LPL Financial LLC cut its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,365,413 shares of the exchange traded fund’s stock after selling 136,903 shares during the quarter. LPL Financial LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $132,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JNK. Legacy Wealth Managment LLC ID acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $26,000. Caitlin John LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $29,000. Evolution Wealth Management Inc. boosted its stake 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 worth $33,000 after purchasing an additional 175 shares during the period. Prestige Wealth Management Group LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $35,000. Finally, Brown Brothers Harriman & Co. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $35,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.2%

Shares of NYSEARCA JNK opened at $95.73 on Thursday. The firm has a market cap of $7.24 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $94.49 and a 1-year high of $98.24. The company has a fifty day moving average price of $96.31 and a 200 day moving average price of $96.77.

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.