D.A. Davidson & CO. Cuts Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

D.A. Davidson & CO. cut its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,617 shares of the exchange traded fund’s stock after selling 502 shares during the quarter. D.A. Davidson & CO.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,806,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JNK. Idaho Trust Bank increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 198.3% during the fourth quarter. Idaho Trust Bank now owns 86,839 shares of the exchange traded fund’s stock worth $8,226,000 after acquiring an additional 57,725 shares during the last quarter. NewSquare Capital LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 82.2% in the fourth quarter. NewSquare Capital LLC now owns 174,955 shares of the exchange traded fund’s stock valued at $16,450,000 after buying an additional 78,942 shares during the last quarter. Counterpoint Mutual Funds LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 4.9% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 18,637 shares of the exchange traded fund’s stock valued at $1,765,000 after buying an additional 879 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 21.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 31,637 shares of the exchange traded fund’s stock valued at $2,997,000 after buying an additional 5,550 shares during the last quarter. Finally, Florin Court Capital LLP increased its holdings in SPDR Bloomberg High Yield Bond ETF by 24.1% in the fourth quarter. Florin Court Capital LLP now owns 10,800 shares of the exchange traded fund’s stock valued at $1,023,000 after buying an additional 2,100 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $93.95 on Friday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $87.79 and a fifty-two week high of $95.59. The business has a 50-day moving average price of $94.11 and a 200 day moving average price of $93.91.

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.