TFB Advisors LLC Sells 12,682 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

TFB Advisors LLC trimmed its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 62.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,612 shares of the exchange traded fund’s stock after selling 12,682 shares during the period. TFB Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in JNK. Stephens Inc. AR raised its position in SPDR Bloomberg High Yield Bond ETF by 0.7% in the first quarter. Stephens Inc. AR now owns 19,034 shares of the exchange traded fund’s stock valued at $1,822,000 after purchasing an additional 132 shares during the period. Gibbs Wealth Management boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.7% in the third quarter. Gibbs Wealth Management now owns 5,238 shares of the exchange traded fund’s stock worth $486,000 after buying an additional 139 shares during the period. NFSG Corp boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% in the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 141 shares during the period. Parallel Advisors LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 6.0% in the first quarter. Parallel Advisors LLC now owns 2,599 shares of the exchange traded fund’s stock worth $249,000 after buying an additional 148 shares during the period. Finally, Uptown Financial Advisors LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.1% in the second quarter. Uptown Financial Advisors LLC now owns 7,823 shares of the exchange traded fund’s stock worth $754,000 after buying an additional 159 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $92.78 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $91.71 and a 1 year high of $98.03. The firm has a market cap of $6.07 billion, a P/E ratio of 19.96 and a beta of 0.44. The stock has a 50-day simple moving average of $93.59 and a 200-day simple moving average of $95.65.

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.