Kingsview Wealth Management LLC Sells 25,710 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Kingsview Wealth Management LLC trimmed its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 41.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,118 shares of the exchange traded fund’s stock after selling 25,710 shares during the quarter. Kingsview Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JNK. American Family Investments Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at $202,974,000. Northwestern Mutual Investment Management Company LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $174,978,000. State Street Corp increased its stake in SPDR Bloomberg High Yield Bond ETF by 14.2% in the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after acquiring an additional 1,577,119 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SPDR Bloomberg High Yield Bond ETF by 143.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after acquiring an additional 865,123 shares during the last quarter. Finally, Assetmark Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock worth $537,003,000 after acquiring an additional 414,165 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.2%

Shares of NYSEARCA JNK opened at $96.77 on Friday. The firm has a market capitalization of $7.32 billion, a P/E ratio of 19.96 and a beta of 0.41. The stock’s 50-day simple moving average is $96.18 and its two-hundred day simple moving average is $96.81. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $94.49 and a twelve month high of $98.24.

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.