Allstate Corp Cuts Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Allstate Corp trimmed its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,000 shares of the exchange traded fund’s stock after selling 2,913 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up 0.6% of Allstate Corp’s investment portfolio, making the stock its 22nd largest position. Allstate Corp owned approximately 0.25% of SPDR Bloomberg High Yield Bond ETF worth $20,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $29,000. Creative Financial Designs Inc. ADV raised its holdings in SPDR Bloomberg High Yield Bond ETF by 38.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Realta Investment Advisors boosted its stake in SPDR Bloomberg High Yield Bond ETF by 89.7% during the fourth quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 210 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 1,500 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 254.2% in the third quarter. Continuum Advisory LLC now owns 1,679 shares of the exchange traded fund’s stock worth $162,000 after acquiring an additional 1,205 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $95.21 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 firm’s 50 day moving average price is $96.29 and its 200-day moving average price is $96.46. The company has a market cap of $7.87 billion, a PE ratio of 20.14 and a beta of 0.48.

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.