Advisors Asset Management Inc. Cuts Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Advisors Asset Management Inc. lessened its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,297 shares of the exchange traded fund’s stock after selling 132 shares during the quarter. Advisors Asset Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $322,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Hancock Whitney Corp purchased a new position in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at about $416,000. Cetera Investment Advisers lifted its position in SPDR Bloomberg High Yield Bond ETF by 414.5% during the 1st quarter. Cetera Investment Advisers now owns 292,280 shares of the exchange traded fund’s stock worth $27,825,000 after acquiring an additional 235,473 shares in the last quarter. Cetera Advisors LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 163.7% in the 1st quarter. Cetera Advisors LLC now owns 47,028 shares of the exchange traded fund’s stock worth $4,477,000 after acquiring an additional 29,193 shares during the period. Olistico Wealth LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $35,000. Finally, Park Avenue Securities LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.4% during the second quarter. Park Avenue Securities LLC now owns 117,411 shares of the exchange traded fund’s stock valued at $11,068,000 after purchasing an additional 13,877 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $97.14 on Friday. The firm has a fifty day simple moving average of $96.82 and a 200-day simple moving average of $95.75. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $91.90 and a twelve month high of $97.90.

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.