SPDR Bloomberg High Yield Bond ETF $JNK Stock Holdings Lowered by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC lowered its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,760,824 shares of the exchange traded fund’s stock after selling 145,600 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises about 8.2% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Ocean Park Asset Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $169,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signal Advisors Wealth LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 65.7% during the first quarter. Signal Advisors Wealth LLC now owns 18,735 shares of the exchange traded fund’s stock valued at $1,793,000 after buying an additional 7,428 shares during the period. Assetmark Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% in the fourth quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock worth $552,492,000 after acquiring an additional 203,301 shares during the period. Everstar Asset Management LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $6,716,000. Berkshire Money Management Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 52.5% during the 4th quarter. Berkshire Money Management Inc. now owns 156,057 shares of the exchange traded fund’s stock worth $15,170,000 after acquiring an additional 53,727 shares in the last quarter. Finally, ESG Planning DBA Harper Investing grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 10.7% during the 4th quarter. ESG Planning DBA Harper Investing now owns 109,096 shares of the exchange traded fund’s stock valued at $10,605,000 after acquiring an additional 10,580 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.0%

NYSEARCA:JNK opened at $95.69 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week high of $98.24. The stock’s 50-day moving average price is $95.94 and its 200-day moving average price is $96.34. The stock has a market capitalization of $6.92 billion, a PE ratio of 19.96 and a beta of 0.41.

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.