SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lessened its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 72.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,276 shares of the exchange traded fund’s stock after selling 24,907 shares during the period. Raleigh Capital Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitlin John LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $35,000. Olistico Wealth LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $36,000. First Community Trust NA purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $39,000. Finally, Pacifica Partners Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% in the fourth quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.2%

JNK opened at $95.91 on Tuesday. The stock has a fifty day moving average of $96.57 and a 200-day moving average of $97.05. The firm has a market capitalization of $7.01 billion, a P/E ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24.

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.