SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Surience Private Wealth LLC

Surience Private Wealth LLC cut its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 82.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,854 shares of the exchange traded fund’s stock after selling 18,693 shares during the quarter. Surience Private Wealth LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JNK. Legacy Wealth Managment LLC ID purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $26,000. Caitlin John LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $29,000. Evolution Wealth Management Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 175 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $35,000. Finally, Brown Brothers Harriman & Co. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth $35,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $96.19 on Thursday. The stock has a fifty day moving average price of $96.36 and a 200 day moving average price of $96.70. The stock has a market cap of $7.28 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year high of $98.24.

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.