First Citizens Bank & Trust Co. Sells 47,067 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

First Citizens Bank & Trust Co. decreased its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 94.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,667 shares of the exchange traded fund’s stock after selling 47,067 shares during the period. First Citizens Bank & Trust Co.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JNK. Signal Advisors Wealth LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 65.7% in the 1st quarter. Signal Advisors Wealth LLC now owns 18,735 shares of the exchange traded fund’s stock worth $1,793,000 after buying an additional 7,428 shares during the period. Kelsey Financial LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $1,462,000. Everstar Asset Management LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $6,716,000. Assetmark Inc. boosted its position in SPDR Bloomberg High Yield Bond ETF by 3.7% in the 4th quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock valued at $552,492,000 after buying an additional 203,301 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 64.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,729 shares of the exchange traded fund’s stock worth $1,729,000 after acquiring an additional 6,927 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $95.39 on Friday. The company has a market capitalization of $7.12 billion, a P/E ratio of 19.96 and a beta of 0.41. The company’s 50-day simple moving average is $96.09 and its two-hundred day simple moving average is $96.53. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 and a one year 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.