SPDR Bloomberg High Yield Bond ETF $JNK Stock Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 77.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,773 shares of the exchange traded fund’s stock after selling 40,488 shares during the period. Raleigh Capital Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,092,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of JNK. Talon Private Wealth LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 24.6% during the 2nd quarter. Talon Private Wealth LLC now owns 41,170 shares of the exchange traded fund’s stock valued at $3,968,000 after acquiring an additional 8,130 shares during the last quarter. Tucker Asset Management LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1,398.2% in the second quarter. Tucker Asset Management LLC now owns 8,495 shares of the exchange traded fund’s stock worth $819,000 after acquiring an additional 7,928 shares during the period. Blue Capital Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter valued at approximately $766,000. Continuum Advisory LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $790,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 189.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 593,914 shares of the exchange traded fund’s stock valued at $57,236,000 after purchasing an additional 388,579 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $92.98 on Friday. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The company’s 50 day moving average is $93.86 and its 200 day moving average is $95.75. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $91.71 and a twelve month high of $98.03.

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.