Austin Private Wealth LLC Reduces Position in SPDR Bloomberg High Yield Bond ETF $JNK

Austin Private Wealth LLC decreased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 72.4% in the fourth quarter, HoldingsChannel reports. The fund owned 17,380 shares of the exchange traded fund’s stock after selling 45,655 shares during the quarter. Austin Private Wealth LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of JNK. Caitlin John LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $29,000. Brown Brothers Harriman & Co. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at about $35,000. Olistico Wealth LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at about $36,000. First Community Trust NA purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $39,000. Finally, Pacifica Partners Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 310.0% in the fourth quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 310 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $95.72 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The company has a market capitalization of $6.98 billion, a P/E ratio of 19.96 and a beta of 0.42. The stock’s 50-day moving average price is $96.61 and its 200-day moving average price is $97.07.

SPDR Bloomberg High Yield Bond ETF Company Profile

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.