BNP Paribas Financial Markets Sells 145,181 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

BNP Paribas Financial Markets trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 14.4% in the 4th quarter, HoldingsChannel reports. The firm owned 866,095 shares of the exchange traded fund’s stock after selling 145,181 shares during the quarter. BNP Paribas Financial Markets’ holdings in SPDR Bloomberg High Yield Bond ETF were worth $84,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 16.3% during the 3rd quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock valued at $6,456,000 after acquiring an additional 9,222 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock valued at $143,764,000 after acquiring an additional 865,123 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 64.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,729 shares of the exchange traded fund’s stock valued at $1,729,000 after acquiring an additional 6,927 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 5.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 186,467 shares of the exchange traded fund’s stock valued at $18,126,000 after acquiring an additional 10,100 shares during the last quarter. Finally, Kelsey Financial LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $1,462,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $96.17 on Tuesday. The company has a market capitalization of $7.28 billion, a P/E ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 and a one year high of $98.24. The stock has a 50 day moving average price of $96.19 and a 200-day moving average price of $96.80.

SPDR Bloomberg High Yield Bond ETF 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.