Landmark Wealth Management Inc. Sells 32,113 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Landmark Wealth Management Inc. cut its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 75.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,629 shares of the exchange traded fund’s stock after selling 32,113 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up about 0.4% of Landmark Wealth Management Inc.’s portfolio, making the stock its 24th biggest holding. Landmark Wealth Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID bought a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $26,000. Caitlin John LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $29,000. Evolution Wealth Management Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 104.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 175 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $35,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $35,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $96.30 on Friday. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year high of $98.24. The business has a 50 day simple moving average of $96.34 and a 200-day simple moving average of $96.76.

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.