Allstate Corp Decreases Stock Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Allstate Corp trimmed its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 89.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,000 shares of the exchange traded fund’s stock after selling 923,000 shares during the quarter. Allstate Corp’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $10,693,000 at the end of the most recent quarter.

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

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $96.25 on Tuesday. The business has a fifty day simple moving average of $96.10 and a two-hundred day simple moving average of $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 capitalization of $7.28 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.