SPDR Bloomberg High Yield Bond ETF $JNK Stock: Signal Advisors Wealth LLC Reduces Position

Signal Advisors Wealth LLC trimmed its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 47.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 26,840 shares of the exchange traded fund’s stock after selling 24,368 shares during the quarter. Signal Advisors Wealth LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JNK. State Street Corp increased its position in SPDR Bloomberg High Yield Bond ETF by 23.5% in the second quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock worth $1,317,557,000 after buying an additional 2,597,336 shares during the last quarter. Assetmark Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% in the first quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock valued at $562,367,000 after buying an additional 191,636 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 23.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock valued at $216,485,000 after buying an additional 424,952 shares during the last quarter. Bank of America Corp DE lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.0% during the 1st quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock valued at $80,978,000 after buying an additional 97,474 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 189.2% during 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 during the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $92.25 on Thursday. The company has a market capitalization of $5.82 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 $98.08. The stock has a fifty day moving average of $94.61 and a 200-day moving average of $95.59.

About SPDR Bloomberg High Yield Bond ETF

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.