MPS Loria Financial Planners LLC Decreases Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

MPS Loria Financial Planners LLC lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 29.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,461 shares of the exchange traded fund’s stock after selling 1,044 shares during the quarter. MPS Loria Financial Planners LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Schroder Investment Management Group boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4,254.2% during the 3rd quarter. Schroder Investment Management Group now owns 979,690 shares of the exchange traded fund’s stock valued at $88,564,000 after buying an additional 957,190 shares during the last quarter. Toews Corp ADV purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $69,939,000. Quotient Wealth Partners LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $48,448,000. Aristotle Pacific Capital LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 714.2% during the fourth quarter. Aristotle Pacific Capital LLC now owns 509,958 shares of the exchange traded fund’s stock worth $48,308,000 after purchasing an additional 447,322 shares during the last quarter. Finally, Angeles Investment Advisors LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $29,887,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK traded down $0.24 during trading hours on Friday, hitting $94.27. 3,428,843 shares of the stock were exchanged, compared to its average volume of 3,290,702. The stock has a 50-day simple moving average of $94.17 and a 200-day simple moving average of $94.36. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $87.79 and a 12 month high of $95.59.

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.