Counterpoint Mutual Funds LLC Sells 551,981 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Counterpoint Mutual Funds LLC lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 77.5% in the first quarter, HoldingsChannel.com reports. The firm owned 160,061 shares of the exchange traded fund’s stock after selling 551,981 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for 2.3% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 4th largest position. Counterpoint Mutual Funds LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $15,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. American Family Investments Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $202,974,000. Northwestern Mutual Investment Management Company LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $174,978,000. State Street Corp increased its holdings in SPDR Bloomberg High Yield Bond ETF by 14.2% in the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after buying an additional 1,577,119 shares in the last quarter. TD Asset Management Inc purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $80,090,000. Finally, Moulton Wealth Management Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $38,544,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $95.99 on Friday. The business’s 50 day simple moving average is $96.26 and its 200-day simple moving average is $96.66. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24.

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.