Gibbs Wealth Management Has $791,000 Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Gibbs Wealth Management lessened its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 69.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,073 shares of the exchange traded fund’s stock after selling 17,940 shares during the period. Gibbs Wealth Management’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $791,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in JNK. Gallagher Fiduciary Advisors LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock valued at $258,494,000 after buying an additional 2,630,378 shares during the period. State Street Corp raised its holdings in SPDR Bloomberg High Yield Bond ETF by 19.9% in the 2nd quarter. State Street Corp now owns 11,085,683 shares of the exchange traded fund’s stock valued at $1,078,304,000 after acquiring an additional 1,842,852 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $118,767,000. Allstate Corp bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $101,224,000. Finally, Osaic Holdings Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 218.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,095,736 shares of the exchange traded fund’s stock worth $104,919,000 after purchasing an additional 751,499 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $97.87 on Friday. The stock has a market capitalization of $7.90 billion, a P/E ratio of 19.96 and a beta of 0.42. The stock’s fifty day moving average is $97.27 and its 200 day moving average is $97.22. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24.

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.