Advisors Asset Management Inc. Trims Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Advisors Asset Management Inc. decreased its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 48.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,079 shares of the exchange traded fund’s stock after selling 1,011 shares during the quarter. Advisors Asset Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in SPDR Bloomberg High Yield Bond ETF by 10.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock valued at $354,458,000 after acquiring an additional 360,678 shares during the period. Nuveen LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $18,638,000. Commonwealth Equity Services LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 454.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 226,418 shares of the exchange traded fund’s stock valued at $21,578,000 after acquiring an additional 185,587 shares during the period. Kestra Advisory Services LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 162.1% in the 1st quarter. Kestra Advisory Services LLC now owns 232,219 shares of the exchange traded fund’s stock valued at $22,130,000 after acquiring an additional 143,633 shares during the period. Finally, Apollon Wealth Management LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 78.1% in the 1st quarter. Apollon Wealth Management LLC now owns 172,849 shares of the exchange traded fund’s stock valued at $16,472,000 after acquiring an additional 75,821 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 SPDR Bloomberg High Yield Bond ETF stock opened at $97.69 on Friday. The company has a market cap of $8.31 billion, a P/E ratio of 19.96 and a beta of 0.45. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $97.90. The firm has a fifty day moving average of $96.98 and a two-hundred day moving average of $95.82.

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.