SPDR Bloomberg High Yield Bond ETF $JNK Stock: TFB Advisors LLC Trims Stake

TFB Advisors LLC reduced its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 62.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,612 shares of the exchange traded fund’s stock after selling 12,682 shares during the period. TFB Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Caldwell Trust Co lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 9.9% during the third quarter. Caldwell Trust Co now owns 20,853 shares of the exchange traded fund’s stock worth $1,934,000 after purchasing an additional 1,873 shares during the last quarter. Integrity Alliance LLC. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $508,000. Garner Asset Management Corp increased its holdings in SPDR Bloomberg High Yield Bond ETF by 9.8% in the third quarter. Garner Asset Management Corp now owns 33,753 shares of the exchange traded fund’s stock valued at $3,128,000 after buying an additional 3,002 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $873,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $39,015,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.3%

Shares of NYSEARCA JNK opened at $92.78 on Friday. The stock’s 50 day moving average price is $93.59 and its two-hundred day moving average price is $95.65. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $91.71 and a 52-week high of $98.03. The stock has a market capitalization of $6.07 billion, a P/E ratio of 19.96 and a beta of 0.44.

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.