Precision Wealth Strategies LLC Lowers Position in SPDR Bloomberg High Yield Bond ETF $JNK

Precision Wealth Strategies LLC cut its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 18.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,369 shares of the exchange traded fund’s stock after selling 7,196 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises 1.0% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 27th biggest holding. Precision Wealth Strategies LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JNK. State Street Corp lifted its position in SPDR Bloomberg High Yield Bond ETF by 14.2% during the third 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 during the period. Assetmark Inc. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% during the 1st quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock valued at $562,367,000 after buying an additional 191,636 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock worth $529,343,000 after buying an additional 223,339 shares during the period. American Family Investments Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $202,974,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,065,815 shares of the exchange traded fund’s stock worth $201,131,000 after buying an additional 94,200 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $95.98 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year high of $98.24. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The company has a 50-day moving average of $96.14 and a 200 day moving average of $96.58.

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.