Landmark Wealth Management Inc. Sells 32,113 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Landmark Wealth Management Inc. trimmed its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 75.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,629 shares of the exchange traded fund’s stock after selling 32,113 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises approximately 0.4% of Landmark Wealth Management Inc.’s holdings, making the stock its 24th largest position. Landmark Wealth Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,033,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Boston Family Office LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $238,000. Vontobel Holding Ltd. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.2% in the 4th quarter. Vontobel Holding Ltd. now owns 48,270 shares of the exchange traded fund’s stock valued at $4,692,000 after purchasing an additional 569 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock valued at $529,343,000 after purchasing an additional 223,339 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 8.6% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 359,998 shares of the exchange traded fund’s stock worth $34,995,000 after acquiring an additional 28,570 shares during the last quarter. Finally, Livet Wealth LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $638,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $96.30 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24. The firm has a market capitalization of $7.29 billion, a P/E ratio of 19.96 and a beta of 0.41. The stock has a 50 day moving average price of $96.34 and a 200 day moving average price of $96.76.

About SPDR Bloomberg High Yield Bond ETF

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.