Sumitomo Mitsui DS Asset Management Company Ltd Decreases Position in SPDR Bloomberg High Yield Bond ETF $JNK

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 20.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,302 shares of the exchange traded fund’s stock after selling 119,351 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.55% of SPDR Bloomberg High Yield Bond ETF worth $44,190,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JNK. Novak & Powell Financial Services Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 2.2% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 5,664 shares of the exchange traded fund’s stock valued at $541,000 after buying an additional 122 shares during the last quarter. Hillcrest Wealth Advisors NY LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.6% during the 1st quarter. Hillcrest Wealth Advisors NY LLC now owns 7,848 shares of the exchange traded fund’s stock valued at $748,000 after acquiring an additional 125 shares during the period. Harbour Trust & Investment Management Co grew its holdings in SPDR Bloomberg High Yield Bond ETF by 0.6% in the first quarter. Harbour Trust & Investment Management Co now owns 25,050 shares of the exchange traded fund’s stock valued at $2,387,000 after purchasing an additional 147 shares during the last quarter. Private Trust Co. NA grew its stake in SPDR Bloomberg High Yield Bond ETF by 3.3% in the 1st quarter. Private Trust Co. NA now owns 5,243 shares of the exchange traded fund’s stock valued at $500,000 after acquiring an additional 167 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.3% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 12,912 shares of the exchange traded fund’s stock worth $1,231,000 after purchasing an additional 171 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

Shares of NYSEARCA:JNK opened at $97.80 on Thursday. The company has a market capitalization of $8.32 billion, a P/E ratio of 19.96 and a beta of 0.45. The stock’s fifty day simple moving average is $97.06 and its 200-day simple moving average is $95.84. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.04.

SPDR Bloomberg High Yield Bond ETF Company 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.