Synovus Financial Corp Sells 2,207 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Synovus Financial Corp cut its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 47.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,481 shares of the exchange traded fund’s stock after selling 2,207 shares during the period. Synovus Financial Corp’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $237,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Integrated Capital Management LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 1.6% in the fourth quarter. Integrated Capital Management LLC now owns 6,758 shares of the exchange traded fund’s stock worth $645,000 after acquiring an additional 105 shares during the period. Auour Investments LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 1.5% during the fourth quarter. Auour Investments LLC now owns 7,492 shares of the exchange traded fund’s stock valued at $725,000 after purchasing an additional 108 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 38.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 118 shares during the period. BlueSky Wealth Advisors LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 0.4% during the 4th quarter. BlueSky Wealth Advisors LLC now owns 30,685 shares of the exchange traded fund’s stock valued at $2,929,000 after buying an additional 129 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 5.1% in the 4th quarter. VisionPoint Advisory Group LLC now owns 2,692 shares of the exchange traded fund’s stock valued at $258,000 after acquiring an additional 131 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $93.72 on Friday. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 19.36 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.41 and a 1 year high of $97.90. The company’s fifty day simple moving average is $95.13 and its two-hundred day simple moving average is $95.98.

About SPDR Bloomberg High Yield Bond ETF

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.