Janney Montgomery Scott LLC Decreases Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Janney Montgomery Scott LLC decreased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNKFree Report) by 65.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,829 shares of the exchange traded fund’s stock after selling 11,090 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $552,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Schroder Investment Management Group lifted its stake in SPDR Bloomberg High Yield Bond ETF by 4,254.2% in the third quarter. Schroder Investment Management Group now owns 979,690 shares of the exchange traded fund’s stock valued at $88,564,000 after buying an additional 957,190 shares during the last quarter. Toews Corp ADV purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $69,939,000. Quotient Wealth Partners LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $48,448,000. Wright Fund Management LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 9.5% in the third quarter. Wright Fund Management LLC now owns 4,796,606 shares of the exchange traded fund’s stock valued at $433,613,000 after purchasing an additional 416,798 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $31,903,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $94.08 on Tuesday. The stock’s 50 day simple moving average is $93.99 and its 200-day simple moving average is $94.11. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $87.79 and a 12-month high of $95.59.

SPDR Bloomberg High Yield Bond ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

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