Charles Schwab Investment Management Inc. Sells 3,838 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Charles Schwab Investment Management Inc. cut its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,286 shares of the exchange traded fund’s stock after selling 3,838 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.06% of SPDR Bloomberg High Yield Bond ETF worth $3,649,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JNK. Citizens Financial Group Inc. RI purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at about $264,000. Cary Street Partners Financial LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 27.7% in the first quarter. Cary Street Partners Financial LLC now owns 21,345 shares of the exchange traded fund’s stock valued at $2,034,000 after purchasing an additional 4,630 shares during the last quarter. SGL Investment Advisors Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 26.7% in the first quarter. SGL Investment Advisors Inc. now owns 7,882 shares of the exchange traded fund’s stock valued at $745,000 after purchasing an additional 1,662 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 454.5% in the first quarter. Commonwealth Equity Services LLC now owns 226,418 shares of the exchange traded fund’s stock valued at $21,578,000 after purchasing an additional 185,587 shares during the last quarter. Finally, Banco Santander S.A. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 238.9% during the first quarter. Banco Santander S.A. now owns 23,076 shares of the exchange traded fund’s stock valued at $2,199,000 after buying an additional 16,266 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK opened at $97.51 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $97.90. The stock has a market capitalization of $8.30 billion, a PE ratio of 19.96 and a beta of 0.45. The stock’s 50 day moving average price is $96.86 and its 200-day moving average price is $95.77.

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.