Hsbc Holdings PLC Sells 19,645 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Hsbc Holdings PLC lowered its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,170 shares of the exchange traded fund’s stock after selling 19,645 shares during the period. Hsbc Holdings PLC owned about 0.37% of SPDR Bloomberg High Yield Bond ETF worth $25,956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Planning lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 16.6% during the 2nd quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after acquiring an additional 629 shares during the period. Franklin Resources Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 124 shares in the last quarter. NewEdge Advisors LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 27.5% in the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock worth $6,987,000 after purchasing an additional 15,491 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in SPDR Bloomberg High Yield Bond ETF by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock worth $37,415,000 after purchasing an additional 13,500 shares during the period. Finally, Ieq Capital LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 1.1% during the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock worth $6,124,000 after purchasing an additional 712 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

NYSEARCA JNK opened at $95.90 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $94.49 and a 1-year high of $98.24. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The stock’s 50 day moving average is $96.12 and its two-hundred day moving average is $96.56.

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.