BTS Asset Management Inc. Lowers Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

BTS Asset Management Inc. lessened its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 217,464 shares of the exchange traded fund’s stock after selling 16,604 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up about 19.1% of BTS Asset Management Inc.’s investment portfolio, making the stock its 2nd largest position. BTS Asset Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $20,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JNK. Redmont Wealth Advisors LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $35,000. Transcendent Capital Group LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $41,000. Beaird Harris Wealth Management LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $47,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at approximately $48,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.3 %

Shares of JNK opened at $96.62 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $87.79 and a 1 year high of $96.96. The company has a 50 day simple moving average of $95.46 and a two-hundred day simple moving average of $94.66.

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.