SPDR Bloomberg High Yield Bond ETF $JNK Position Reduced by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 88.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,318 shares of the exchange traded fund’s stock after selling 17,440 shares during the quarter. Axxcess Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $225,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in SPDR Bloomberg High Yield Bond ETF by 14.2% during the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after acquiring an additional 1,577,119 shares during the last quarter. Assetmark Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% in the 4th quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock worth $552,492,000 after buying an additional 203,301 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after buying an additional 61,514 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock worth $276,978,000 after buying an additional 80,325 shares during the last quarter. Finally, American Family Investments Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $202,974,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.62 on Friday. The firm’s 50-day moving average is $96.16 and its 200-day moving average is $96.81. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year high of $98.24. The company has a market cap of $7.31 billion, a P/E 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.