Creative Planning Sells 3,829 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Creative Planning reduced its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 46.2% in the third quarter, HoldingsChannel.com reports. The fund owned 4,461 shares of the exchange traded fund’s stock after selling 3,829 shares during the quarter. Creative Planning’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter worth $2,485,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 11.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 80,000 shares of the exchange traded fund’s stock worth $7,616,000 after purchasing an additional 8,000 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 163.6% in the first quarter. Janney Montgomery Scott LLC now owns 15,368 shares of the exchange traded fund’s stock worth $1,463,000 after purchasing an additional 9,539 shares during the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Fixed Income bought a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter worth $3,046,000. Finally, Oppenheimer & Co. Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 13.7% in the first quarter. Oppenheimer & Co. Inc. now owns 7,881 shares of the exchange traded fund’s stock worth $750,000 after purchasing an additional 952 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $96.44 on Thursday. The firm’s 50-day moving average price is $96.83 and its two-hundred day moving average price is $95.45. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.22 and a 12-month high of $97.90.

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.