D.A. Davidson & CO. Lowers Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

D.A. Davidson & CO. reduced its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,660 shares of the exchange traded fund’s stock after selling 4,940 shares during the quarter. D.A. Davidson & CO.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JNK. Creative Financial Designs Inc. ADV bought a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter worth $30,000. Valley National Advisers Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $29,000. Truvestments Capital LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $37,000. Blue Trust Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 235.5% during the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 285 shares during the last quarter. Finally, Realta Investment Advisors grew its position in SPDR Bloomberg High Yield Bond ETF by 89.7% during the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1 %

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.77 on Friday. The company has a 50-day simple moving average of $96.15 and a two-hundred day simple moving average of $96.47. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $92.47 and a 52-week high of $97.90.

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.