Austin Private Wealth LLC Reduces Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Austin Private Wealth LLC lowered its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 72.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,380 shares of the exchange traded fund’s stock after selling 45,655 shares during the period. Austin Private Wealth LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,690,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Clearstead Advisors LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 8.5% in the third quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock valued at $135,000 after acquiring an additional 108 shares during the period. Apollon Financial LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 2.5% in the third quarter. Apollon Financial LLC now owns 4,585 shares of the exchange traded fund’s stock worth $449,000 after purchasing an additional 114 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $260,000 after purchasing an additional 120 shares during the period. Banque Cantonale Vaudoise grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 17.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock valued at $80,000 after purchasing an additional 121 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the 2nd quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $95.72 on Friday. The firm’s 50 day moving average price is $96.61 and its 200-day moving average price is $97.07. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24. The stock has a market capitalization of $6.98 billion, a PE ratio of 19.96 and a beta of 0.42.

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.