Merit Financial Group LLC Cuts Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Merit Financial Group LLC trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNKFree Report) by 11.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,592 shares of the exchange traded fund’s stock after selling 1,689 shares during the period. Merit Financial Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,229,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter worth $28,000. Headlands Technologies LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth $32,000. Fairfield Bush & CO. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth $37,000. Ameliora Wealth Management Ltd. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth $38,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth $44,000.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $94.45 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $87.79 and a 52 week high of $95.59. The stock’s fifty day moving average is $94.19 and its two-hundred day moving average is $92.02.

About SPDR Bloomberg High Yield Bond ETF

(Free Report)

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.

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Institutional Ownership by Quarter for SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

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