SPDR Bloomberg High Yield Bond ETF $JNK Stock Position Lowered by Idaho Trust Co

Idaho Trust Co reduced its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,777 shares of the exchange traded fund’s stock after selling 12,542 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises 4.1% of Idaho Trust Co’s investment portfolio, making the stock its 5th biggest position. Idaho Trust Co owned about 0.16% of SPDR Bloomberg High Yield Bond ETF worth $12,421,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JNK. American Family Investments Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $202,974,000. State Street Corp lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% during the 3rd 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. Allstate Corp purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at approximately $101,224,000. JPMorgan Chase & Co. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock valued at $143,764,000 after buying an additional 865,123 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock valued at $537,003,000 after buying an additional 414,165 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $96.18 on Thursday. The stock has a market capitalization of $7.28 billion, a P/E ratio of 19.96 and a beta of 0.41. The firm’s 50 day moving average is $96.14 and its 200 day moving average is $96.89. 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.