Single Point Partners LLC Has $425,000 Stock Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Single Point Partners LLC cut its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 19.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,370 shares of the exchange traded fund’s stock after selling 1,042 shares during the quarter. Single Point Partners LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $425,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JNK. NBC Securities Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 162,100.0% in the first quarter. NBC Securities Inc. now owns 1,622 shares of the exchange traded fund’s stock valued at $154,000 after acquiring an additional 1,621 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 31.1% in the first quarter. Merit Financial Group LLC now owns 6,704 shares of the exchange traded fund’s stock worth $639,000 after buying an additional 1,591 shares during the last quarter. Ehrlich Financial Group acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter worth $923,000. Intergy Private Wealth LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter worth $241,000. Finally, Miracle Mile Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% in the first quarter. Miracle Mile Advisors LLC now owns 4,473 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 1,965 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $97.47 on Friday. The firm has a fifty day simple moving average of $97.34 and a 200-day simple moving average of $96.02. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $90.40 and a 1-year high of $98.24. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 19.96 and a beta of 0.45.

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.