Sigma Planning Corp Reduces Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Sigma Planning Corp trimmed its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,416 shares of the exchange traded fund’s stock after selling 241 shares during the quarter. Sigma Planning Corp’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $236,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of JNK. Redmont Wealth Advisors LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at $25,000. Creative Financial Designs Inc. ADV bought a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at $29,000. Olistico Wealth LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth about $35,000. Finally, Blue Trust Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 235.5% during the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $96.36 on Friday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $91.12 and a fifty-two week high of $97.90. The stock’s fifty day moving average is $96.85 and its 200 day moving average is $95.60.

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.