SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.4% in the third quarter, HoldingsChannel.com reports. The firm owned 18,669 shares of the exchange traded fund’s stock after selling 1,926 shares during the quarter. Meridian Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $29,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $30,000. Olistico Wealth LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $35,000. Finally, Blue Trust Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% during the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 285 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.65 on Friday. The business has a 50 day simple moving average of $96.85 and a 200-day simple moving average of $95.67. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $91.77 and a 12 month high of $97.90.

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.