Compagnie Lombard Odier SCmA Trims Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Compagnie Lombard Odier SCmA reduced its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 21.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,078 shares of the exchange traded fund’s stock after selling 4,756 shares during the period. Compagnie Lombard Odier SCmA’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Redmont Wealth Advisors LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $29,000. Olistico Wealth LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $35,000. 1620 Investment Advisors Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $48,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth approximately $61,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.2 %

JNK opened at $96.79 on Monday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $87.79 and a 1-year high of $97.90. The company has a 50 day simple moving average of $96.57 and a two-hundred day simple moving average of $95.11.

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.