Deutsche Bank AG Sells 78,627 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Deutsche Bank AG lessened its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 76.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,101 shares of the exchange traded fund’s stock after selling 78,627 shares during the quarter. Deutsche Bank AG’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,301,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JNK. JPMorgan Chase & Co. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock worth $222,177,000 after purchasing an additional 8,872,450 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 450.3% during the 4th quarter. Schroder Investment Management Group now owns 841,294 shares of the exchange traded fund’s stock valued at $80,335,000 after purchasing an additional 688,414 shares during the last quarter. Assetmark Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 11.6% in the 4th quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after purchasing an additional 517,382 shares during the period. LPL Financial LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 42.4% in the fourth quarter. LPL Financial LLC now owns 1,461,128 shares of the exchange traded fund’s stock worth $139,494,000 after purchasing an additional 434,953 shares during the last quarter. Finally, Sei Investments Co. boosted its position in SPDR Bloomberg High Yield Bond ETF by 209.7% during the fourth quarter. Sei Investments Co. now owns 439,797 shares of the exchange traded fund’s stock valued at $41,987,000 after buying an additional 297,797 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.2%

Shares of NYSEARCA:JNK opened at $95.16 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.41 and a 12-month high of $97.90. The stock’s 50-day moving average price is $94.45 and its 200-day moving average price is $95.69. The stock has a market capitalization of $6.46 billion, a P/E ratio of 19.81 and a beta of 0.43.

SPDR Bloomberg High Yield Bond ETF Company 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.