SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Stake Reduced by BTS Asset Management Inc.

BTS Asset Management Inc. reduced its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,464 shares of the exchange traded fund’s stock after selling 16,604 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises 19.1% of BTS Asset Management Inc.’s investment portfolio, making the stock its 2nd largest position. BTS Asset Management Inc. owned 0.24% of SPDR Bloomberg High Yield Bond ETF worth $20,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $35,000. Transcendent Capital Group LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $41,000. Beaird Harris Wealth Management LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $47,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $48,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $96.62 on Friday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $87.79 and a twelve month high of $96.96. The stock’s 50 day moving average is $95.46 and its 200 day moving average is $94.66.

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.