Pinnacle Associates Ltd. Sells 15,243 Shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

Pinnacle Associates Ltd. lessened its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 67.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,236 shares of the exchange traded fund’s stock after selling 15,243 shares during the quarter. Pinnacle Associates Ltd.’s holdings in SPDR Bloomberg Barclays High Yield Bond ETF were worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JNK. FMR LLC boosted its position in SPDR Bloomberg Barclays High Yield Bond ETF by 105.6% during the 4th quarter. FMR LLC now owns 30,859 shares of the exchange traded fund’s stock valued at $1,037,000 after acquiring an additional 15,847 shares in the last quarter. Deutsche Bank AG bought a new stake in SPDR Bloomberg Barclays High Yield Bond ETF during the 4th quarter valued at $4,950,000. BB&T Corp boosted its position in SPDR Bloomberg Barclays High Yield Bond ETF by 107.4% during the 1st quarter. BB&T Corp now owns 18,804 shares of the exchange traded fund’s stock valued at $676,000 after acquiring an additional 9,738 shares in the last quarter. Boston Advisors LLC bought a new stake in SPDR Bloomberg Barclays High Yield Bond ETF during the 1st quarter valued at $221,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in SPDR Bloomberg Barclays High Yield Bond ETF during the 1st quarter valued at $546,000.

SPDR Bloomberg Barclays High Yield Bond ETF stock opened at $108.02 on Friday. SPDR Bloomberg Barclays High Yield Bond ETF has a 1-year low of $98.76 and a 1-year high of $109.62. The business has a fifty day moving average price of $108.13 and a 200-day moving average price of $75.45.

SPDR Bloomberg Barclays 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.

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Institutional Ownership by Quarter for SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

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