Sterling Investment Counsel LLC Decreases Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Sterling Investment Counsel LLC lowered its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 19.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,281 shares of the exchange traded fund’s stock after selling 812 shares during the period. Sterling Investment Counsel LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. North Capital Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter worth $32,000. Truvestments Capital LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% in the first quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 212 shares during the last quarter. Hoey Investments Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter worth $54,000. Finally, Beacon Capital Management LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth $56,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

NYSEARCA JNK opened at $97.59 on Friday. The company has a fifty day simple moving average of $97.33 and a two-hundred day simple moving average of $96.01. The stock has a market cap of $8.26 billion, a P/E ratio of 19.96 and a beta of 0.45. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24.

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.