SPDR Bloomberg High Yield Bond ETF $JNK Position Reduced by Cetera Investment Advisers

Cetera Investment Advisers decreased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 317,286 shares of the exchange traded fund’s stock after selling 10,091 shares during the quarter. Cetera Investment Advisers’ holdings in SPDR Bloomberg High Yield Bond ETF were worth $30,371,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JNK. American Family Investments Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $202,974,000. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $174,978,000. State Street Corp increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% in 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. TD Asset Management Inc acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $80,090,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at approximately $49,475,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $95.39 on Monday. The firm’s 50-day moving average is $96.09 and its 200-day moving average is $96.52. 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 $7.12 billion, a P/E ratio of 19.96 and a beta of 0.41.

SPDR Bloomberg High Yield Bond ETF 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.