HighTower Advisors LLC Has $2.87 Million Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

HighTower Advisors LLC decreased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 60.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,503 shares of the exchange traded fund’s stock after selling 45,513 shares during the period. HighTower Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,868,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. boosted its position in SPDR Bloomberg High Yield Bond ETF by 16.3% during the third quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock valued at $6,456,000 after purchasing an additional 9,222 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 5.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 186,467 shares of the exchange traded fund’s stock worth $18,126,000 after buying an additional 10,100 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% in the third quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after buying an additional 865,123 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 64.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,729 shares of the exchange traded fund’s stock worth $1,729,000 after buying an additional 6,927 shares during the last quarter. Finally, Consolidated Portfolio Review Corp lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 95.3% in the third quarter. Consolidated Portfolio Review Corp now owns 11,884 shares of the exchange traded fund’s stock worth $1,165,000 after buying an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $96.77 on Friday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The business has a 50-day moving average of $96.18 and a two-hundred day moving average of $96.81. The stock has a market capitalization of $7.32 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.