Sequoia Financial Advisors LLC Reduces Position in SPDR Bloomberg High Yield Bond ETF $JNK

Sequoia Financial Advisors LLC cut its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 55.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,647 shares of the exchange traded fund’s stock after selling 10,842 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $841,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Caitlin John LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth about $29,000. Brown Brothers Harriman & Co. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth about $35,000. Olistico Wealth LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $36,000. Pacifica Partners Inc. boosted its position in SPDR Bloomberg High Yield Bond ETF by 310.0% in the 4th quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 310 shares during the period. Finally, Camelot Portfolios LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $50,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.12 on Friday. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year high of $98.24. The firm has a 50-day moving average of $96.13 and a two-hundred day moving average of $96.88.

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.