SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by First Citizens Asset Management Inc.

First Citizens Asset Management Inc. cut its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,963 shares of the exchange traded fund’s stock after selling 397 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up 0.2% of First Citizens Asset Management Inc.’s investment portfolio, making the stock its 20th biggest holding. First Citizens Asset Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $474,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 11.6% in the 4th quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock valued at $473,877,000 after acquiring an additional 517,382 shares during the period. Wells Fargo & Company MN grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 6.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,449,296 shares of the exchange traded fund’s stock worth $424,774,000 after buying an additional 278,292 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in SPDR Bloomberg High Yield Bond ETF by 0.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,362,977 shares of the exchange traded fund’s stock valued at $322,833,000 after acquiring an additional 15,380 shares during the period. Envestnet Asset Management Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 3.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,133,763 shares of the exchange traded fund’s stock valued at $299,180,000 after acquiring an additional 115,211 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after purchasing an additional 8,872,450 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $93.72 on Friday. The business has a 50 day simple moving average of $95.13 and a 200-day simple moving average of $95.98. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.41 and a 12 month high of $97.90. The stock has a market capitalization of $6.27 billion, a PE ratio of 19.36 and a beta of 0.43.

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.