Orion Portfolio Solutions LLC Decreases Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Orion Portfolio Solutions LLC decreased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,709 shares of the exchange traded fund’s stock after selling 796 shares during the period. Orion Portfolio Solutions LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. World Investment Advisors LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% in the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after purchasing an additional 1,963,931 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 7.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 4,015 shares of the exchange traded fund’s stock valued at $367,000 after buying an additional 265 shares in the last quarter. Stifel Financial Corp lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 2.9% during the 3rd quarter. Stifel Financial Corp now owns 112,136 shares of the exchange traded fund’s stock worth $10,966,000 after buying an additional 3,143 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at about $1,956,000. Finally, IHT Wealth Management LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 39.7% during the 3rd quarter. IHT Wealth Management LLC now owns 3,895 shares of the exchange traded fund’s stock worth $380,000 after acquiring an additional 1,107 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 1.0 %

Shares of JNK opened at $95.42 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $92.47 and a 52-week high of $97.90. The stock has a 50 day moving average price of $96.67 and a 200 day moving average price of $96.02.

SPDR Bloomberg High Yield Bond ETF 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.