Virtue Capital Management LLC Sells 8,030 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Virtue Capital Management LLC trimmed its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 54.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,731 shares of the exchange traded fund’s stock after selling 8,030 shares during the quarter. Virtue Capital Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $624,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $4,359,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $18,921,000. Blue Fin Capital Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $2,445,000. Modera Wealth Management LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $4,853,000. Finally, Arta Finance Wealth Management LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.6% during the third quarter. Arta Finance Wealth Management LLC now owns 7,074 shares of the exchange traded fund’s stock worth $652,000 after buying an additional 182 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.8%

NYSEARCA JNK opened at $92.26 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $91.71 and a 52-week high of $98.03. The business’s 50-day moving average price is $93.79 and its 200 day moving average price is $95.72. The firm has a market cap of $5.99 billion, a P/E ratio of 19.96 and a beta of 0.42.

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.