HighTower Advisors LLC Has $2.87 Million Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

HighTower Advisors LLC lowered its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 60.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,503 shares of the exchange traded fund’s stock after selling 45,513 shares during the period. HighTower Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sharper & Granite LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.7% in the fourth quarter. Sharper & Granite LLC now owns 6,353 shares of the exchange traded fund’s stock worth $618,000 after buying an additional 107 shares during the last quarter. Clearstead Advisors LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 8.5% in the third quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock worth $135,000 after purchasing an additional 108 shares during the period. Parallel Advisors LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.7% in the third quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 120 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 17.5% in the third quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock worth $80,000 after purchasing an additional 121 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.77 on Friday. The business’s 50-day simple moving average is $96.18 and its 200-day simple moving average is $96.81. The firm has a market capitalization of $7.32 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week 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.