Envestnet Portfolio Solutions Inc. Sells 184,897 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Envestnet Portfolio Solutions Inc. lessened its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 42.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 254,753 shares of the exchange traded fund’s stock after selling 184,897 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $24,765,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $26,000. Caitlin John LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $29,000. Brown Brothers Harriman & Co. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $35,000. Olistico Wealth LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $36,000. Finally, Pacifica Partners Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% during the fourth quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 310 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $95.77 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24. The company has a market capitalization of $7.25 billion, a P/E ratio of 19.96 and a beta of 0.41. The company has a fifty day moving average price of $96.10 and a 200-day moving average price of $96.85.

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.