1620 Investment Advisors Inc. Reduces Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

1620 Investment Advisors Inc. lessened its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 39.6% during the 4th quarter, HoldingsChannel reports. The fund owned 305 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.6% during the 4th quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after acquiring an additional 517,382 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after buying an additional 8,872,450 shares in the last quarter. World Investment Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after buying an additional 1,963,931 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,514,282 shares of the exchange traded fund’s stock valued at $144,568,000 after buying an additional 61,403 shares in the last quarter. Finally, Pacific Asset Management LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% during the 3rd quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock valued at $86,051,000 after buying an additional 190,796 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

JNK opened at $95.76 on Friday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $92.47 and a fifty-two week high of $97.90. The firm’s fifty day moving average is $96.32 and its 200 day moving average is $96.49. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48.

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.