SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 11.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,010 shares of the exchange traded fund’s stock after selling 5,023 shares during the period. Farther Finance Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,612,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JNK. Pacific Asset Management LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% in the 3rd quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after purchasing an additional 190,796 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% in the third quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock worth $222,177,000 after buying an additional 8,872,450 shares during the period. Tallon Kerry Patrick acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $332,000. Financial Advocates Investment Management boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.3% in the fourth quarter. Financial Advocates Investment Management now owns 2,678 shares of the exchange traded fund’s stock worth $256,000 after buying an additional 574 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $4,044,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK opened at $95.72 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.41 and a one year high of $97.90. The company has a 50-day moving average of $94.46 and a two-hundred day moving average of $95.59. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 19.81 and a beta of 0.43.

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.