SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 32.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,489 shares of the exchange traded fund’s stock after selling 9,313 shares during the period. Sequoia Financial Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,910,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Lodestar Private Asset Management LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 2.5% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 7,437 shares of the exchange traded fund’s stock valued at $729,000 after acquiring an additional 180 shares during the last quarter. Richardson Financial Services Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 61.1% in the third quarter. Richardson Financial Services Inc. now owns 11,180 shares of the exchange traded fund’s stock valued at $1,096,000 after purchasing an additional 4,241 shares during the period. Professional Financial Advisors LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 24.6% in the third quarter. Professional Financial Advisors LLC now owns 9,603 shares of the exchange traded fund’s stock valued at $941,000 after purchasing an additional 1,894 shares during the last quarter. Fiduciary Wealth Partners LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $312,000. Finally, Harbour Trust & Investment Management Co lifted its position in SPDR Bloomberg High Yield Bond ETF by 3.2% during the third quarter. Harbour Trust & Investment Management Co now owns 27,155 shares of the exchange traded fund’s stock worth $2,661,000 after buying an additional 845 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.3%

Shares of NYSEARCA:JNK opened at $97.86 on Thursday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The stock’s 50-day moving average price is $97.22 and its two-hundred day moving average price is $97.20. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24.

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.