Prime Capital Investment Advisors LLC Cuts Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Prime Capital Investment Advisors LLC cut its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 127,210 shares of the exchange traded fund’s stock after selling 2,287 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $12,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 163.6% in the first quarter. Janney Montgomery Scott LLC now owns 15,368 shares of the exchange traded fund’s stock valued at $1,463,000 after acquiring an additional 9,539 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 13.7% in the first quarter. Oppenheimer & Co. Inc. now owns 7,881 shares of the exchange traded fund’s stock valued at $750,000 after acquiring an additional 952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 25.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock valued at $259,047,000 after acquiring an additional 550,840 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 0.6% in the first quarter. Kingsview Wealth Management LLC now owns 84,862 shares of the exchange traded fund’s stock valued at $8,079,000 after acquiring an additional 529 shares during the last quarter. Finally, Nwam LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 3.8% in the first quarter. Nwam LLC now owns 13,920 shares of the exchange traded fund’s stock valued at $1,315,000 after acquiring an additional 511 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.3 %

JNK traded down $0.29 during midday trading on Tuesday, reaching $96.72. The company had a trading volume of 328,065 shares, compared to its average volume of 4,298,441. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.38 and a 12-month high of $97.90. The business has a 50-day moving average price of $96.84 and a two-hundred day moving average price of $95.54.

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.