SPDR Bloomberg High Yield Bond ETF $JNK Stock: Richardson Financial Services Inc. Lowers Position

Richardson Financial Services Inc. trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 92.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 960 shares of the exchange traded fund’s stock after selling 11,586 shares during the period. Richardson Financial Services Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in JNK. Talon Private Wealth LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 24.6% in the 2nd quarter. Talon Private Wealth LLC now owns 41,170 shares of the exchange traded fund’s stock worth $3,968,000 after purchasing an additional 8,130 shares in the last quarter. Tucker Asset Management LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 1,398.2% during the 2nd quarter. Tucker Asset Management LLC now owns 8,495 shares of the exchange traded fund’s stock valued at $819,000 after buying an additional 7,928 shares in the last quarter. Continuum Advisory LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at approximately $790,000. Envestnet Portfolio Solutions Inc. grew its holdings in SPDR Bloomberg High Yield Bond ETF by 189.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 593,914 shares of the exchange traded fund’s stock valued at $57,236,000 after buying an additional 388,579 shares in the last quarter. Finally, Silverleafe Capital Partners LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $15,118,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $92.78 on Friday. The firm has a fifty day moving average price of $93.59 and a 200 day moving average price of $95.65. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $91.71 and a fifty-two week high of $98.03. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 19.96 and a beta of 0.44.

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.