40,488 SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. reduced its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 77.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,773 shares of the exchange traded fund’s stock after selling 40,488 shares during the period. Raleigh Capital Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,092,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JNK. State Street Corp boosted its stake in SPDR Bloomberg High Yield Bond ETF by 23.5% in the 2nd quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock worth $1,317,557,000 after purchasing an additional 2,597,336 shares in the last quarter. Assetmark Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 3.4% during the 1st quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock valued at $562,367,000 after purchasing an additional 191,636 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 23.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock valued at $216,485,000 after purchasing an additional 424,952 shares during the last quarter. Bank of America Corp DE grew its position in SPDR Bloomberg High Yield Bond ETF by 13.0% during the 1st quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock valued at $80,978,000 after purchasing an additional 97,474 shares during the last quarter. Finally, BLB&B Advisors LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at about $63,764,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $92.98 on Friday. The stock has a market capitalization of $5.85 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $91.71 and a 52-week high of $98.03. The company has a 50-day simple moving average of $93.86 and a two-hundred day simple moving average of $95.75.

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.