Kestra Advisory Services LLC Has $5.97 Million Stock Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Kestra Advisory Services LLC trimmed its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 47.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 62,332 shares of the exchange traded fund’s stock after selling 55,185 shares during the period. Kestra Advisory Services LLC owned about 0.08% of SPDR Bloomberg High Yield Bond ETF worth $5,966,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in JNK. Money Concepts Capital Corp acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter valued at $1,876,000. Axxcess Wealth Management LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 175.9% in the first quarter. Axxcess Wealth Management LLC now owns 6,396 shares of the exchange traded fund’s stock worth $612,000 after purchasing an additional 4,078 shares during the period. Whittier Trust Co. increased its position in SPDR Bloomberg High Yield Bond ETF by 1.4% in the first quarter. Whittier Trust Co. now owns 12,373 shares of the exchange traded fund’s stock worth $1,187,000 after purchasing an additional 174 shares during the period. Ascentis Independent Advisors bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth about $29,000. Finally, Stephens Inc. AR raised its holdings in SPDR Bloomberg High Yield Bond ETF by 0.7% during the 1st quarter. Stephens Inc. AR now owns 19,034 shares of the exchange traded fund’s stock worth $1,822,000 after purchasing an additional 132 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.2%

SPDR Bloomberg High Yield Bond ETF stock opened at $96.07 on Thursday. The company has a market cap of $7.37 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. The company’s 50-day moving average is $96.15 and its two-hundred day moving average is $96.59.

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.