SageView Advisory Group LLC Has $1.40 Million Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

SageView Advisory Group LLC lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 14.3% in the third quarter, HoldingsChannel reports. The firm owned 14,344 shares of the exchange traded fund’s stock after selling 2,402 shares during the period. SageView Advisory Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,403,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JNK. GHP Investment Advisors Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $29,000. Creative Financial Designs Inc. ADV acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter worth $30,000. Truvestments Capital LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $37,000. Blue Trust Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% in the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 285 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $48,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $96.94 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $92.47 and a 52-week high of $97.90. The business has a 50 day simple moving average of $96.75 and a 200 day simple moving average of $95.85.

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.