Osaic Holdings Inc. Sells 429,187 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Osaic Holdings Inc. decreased its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 39.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 647,294 shares of the exchange traded fund’s stock after selling 429,187 shares during the quarter. Osaic Holdings Inc. owned approximately 0.73% of SPDR Bloomberg High Yield Bond ETF worth $61,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JNK. Dynamic Advisor Solutions LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $391,000. BKM Wealth Management LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $70,000. Brookstone Capital Management grew its holdings in SPDR Bloomberg High Yield Bond ETF by 12.6% during the 4th quarter. Brookstone Capital Management now owns 6,502 shares of the exchange traded fund’s stock valued at $616,000 after buying an additional 726 shares in the last quarter. Advisor Resource Council purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $1,821,000. Finally, Westside Investment Management Inc. grew its holdings in SPDR Bloomberg High Yield Bond ETF by 17.7% during the 4th quarter. Westside Investment Management Inc. now owns 5,633 shares of the exchange traded fund’s stock valued at $534,000 after buying an additional 847 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK traded up $0.29 during trading on Monday, hitting $95.50. 2,082,336 shares of the stock traded hands, compared to its average volume of 4,738,031. The firm has a 50-day simple moving average of $94.43 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 $95.70.

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.