Bleakley Financial Group LLC Cuts Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Bleakley Financial Group LLC decreased its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,476 shares of the exchange traded fund’s stock after selling 162 shares during the period. Bleakley Financial Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter valued at approximately $28,000. Fairfield Bush & CO. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth $37,000. Clearstead Advisors LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 862.1% in the third quarter. Clearstead Advisors LLC now owns 558 shares of the exchange traded fund’s stock worth $50,000 after buying an additional 500 shares during the last quarter. WealthShield Partners LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $55,000. Finally, FMR LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 274.0% in the first quarter. FMR LLC now owns 576 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $92.88 on Tuesday. The company has a fifty day simple moving average of $94.44 and a 200 day simple moving average of $93.03. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $87.79 and a 12-month high 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.