Blue Fin Capital Inc. Trims Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Blue Fin Capital Inc. cut its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 16.0% during the 4th quarter, Holdings Channel reports. The firm owned 29,266 shares of the exchange traded fund’s stock after selling 5,591 shares during the period. Blue Fin Capital Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,794,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $29,000. Creative Financial Designs Inc. ADV increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 38.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Realta Investment Advisors increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% during the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 210 shares during the last quarter. Transce3nd LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $53,000. Finally, Aptus Capital Advisors LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 75.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,082 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 465 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $95.00 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $90.41 and a 1-year high of $97.90. The firm has a market capitalization of $6.45 billion, a P/E ratio of 19.81 and a beta of 0.43. The business’s 50-day simple moving average is $94.46 and its 200-day simple moving average is $95.70.

About SPDR Bloomberg High Yield Bond ETF

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.