Brookstone Capital Management Sells 9,546 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Brookstone Capital Management lowered its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,144 shares of the exchange traded fund’s stock after selling 9,546 shares during the quarter. Brookstone Capital Management owned approximately 0.06% of SPDR Bloomberg High Yield Bond ETF worth $4,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning grew its holdings in SPDR Bloomberg High Yield Bond ETF by 16.6% during the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after purchasing an additional 629 shares during the period. Franklin Resources Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 124 shares during the period. NewEdge Advisors LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% in the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock valued at $6,987,000 after buying an additional 15,491 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock valued at $37,415,000 after buying an additional 13,500 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% during the 2nd quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock worth $6,124,000 after acquiring an additional 712 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

JNK stock opened at $96.25 on Wednesday. The firm has a market capitalization of $7.28 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $94.49 and a 1-year high of $98.24. The business’s 50 day simple moving average is $96.37 and its 200 day simple moving average is $96.71.

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.