SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC reduced its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 20.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 37,973 shares of the exchange traded fund’s stock after selling 9,604 shares during the period. Wealthspire Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,694,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 6.5% during the second quarter. Assetmark Inc. now owns 5,066,020 shares of the exchange traded fund’s stock worth $492,772,000 after acquiring an additional 309,551 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 10.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock valued at $354,458,000 after acquiring an additional 360,678 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.1% during the first quarter. Ameriprise Financial Inc. now owns 1,019,563 shares of the exchange traded fund’s stock valued at $98,591,000 after acquiring an additional 31,039 shares during the last quarter. PNC Financial Services Group Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 29.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 842,321 shares of the exchange traded fund’s stock worth $81,933,000 after purchasing an additional 190,847 shares in the last quarter. Finally, Toews Corp ADV acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $51,699,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

NYSEARCA:JNK opened at $96.49 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The company’s 50-day moving average is $97.35 and its two-hundred day moving average is $96.73.

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.