Balboa Wealth Partners Reduces Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Balboa Wealth Partners decreased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 56.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,378 shares of the exchange traded fund’s stock after selling 5,563 shares during the quarter. Balboa Wealth Partners’ holdings in SPDR Bloomberg High Yield Bond ETF were worth $428,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in JNK. Ocean Park Asset Management LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 6.0% during the 2nd quarter. Ocean Park Asset Management LLC now owns 4,790,796 shares of the exchange traded fund’s stock valued at $451,628,000 after acquiring an additional 273,096 shares during the last quarter. Assetmark Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.1% in the 3rd quarter. Assetmark Inc. now owns 4,446,240 shares of the exchange traded fund’s stock valued at $434,798,000 after buying an additional 174,815 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,156,310 shares of the exchange traded fund’s stock worth $297,545,000 after buying an additional 19,504 shares during the last quarter. Jane Street Group LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 223.6% during the 1st quarter. Jane Street Group LLC now owns 2,545,240 shares of the exchange traded fund’s stock valued at $242,307,000 after buying an additional 1,758,741 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 11.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,210,908 shares of the exchange traded fund’s stock valued at $114,153,000 after buying an additional 125,140 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1 %

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.36 on Friday. The stock has a 50 day moving average of $96.85 and a 200 day moving average of $95.59. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $91.12 and a fifty-two week high of $97.90.

SPDR Bloomberg High Yield Bond ETF Company 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.