SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 963,929 shares of the exchange traded fund’s stock after selling 45,028 shares during the quarter. Bank of New York Mellon Corp owned about 1.27% of SPDR Bloomberg High Yield Bond ETF worth $92,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Wealth Managment LLC ID purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth approximately $26,000. Brown Lisle Cummings Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at $27,000. Ascentis Independent Advisors purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at $29,000. NFSG Corp increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 141 shares during the last quarter. Finally, Evolution Wealth Management Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 175 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

NYSEARCA JNK opened at $95.90 on Wednesday. The business’s fifty day simple moving average is $96.12 and its 200-day simple moving average is $96.56. The firm has a market cap of $7.30 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week high of $98.24.

SPDR Bloomberg High Yield Bond ETF 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.