Apollon Wealth Management LLC Sells 6,855 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Apollon Wealth Management LLC lowered its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 35.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,346 shares of the exchange traded fund’s stock after selling 6,855 shares during the period. Apollon Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,200,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. State Street Corp raised its holdings in SPDR Bloomberg High Yield Bond ETF by 14.2% in the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after buying an additional 1,577,119 shares during the last quarter. Allstate Corp purchased a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $101,224,000. JPMorgan Chase & Co. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 143.7% in the third quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after buying an additional 865,123 shares during the last quarter. Assetmark Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 8.2% in the third quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock worth $537,003,000 after buying an additional 414,165 shares during the last quarter. Finally, Moulton Wealth Management Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $38,544,000. 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 $96.87 on Wednesday. The stock has a market capitalization of $6.94 billion, a PE ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $92.91 and a 52-week high of $98.24. The company has a 50-day simple moving average of $96.43 and a two-hundred day simple moving average of $96.99.

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.