First Citizens Asset Management Inc. Decreases Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

First Citizens Asset Management Inc. lowered its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 accounts for about 0.2% of First Citizens Asset Management Inc.’s holdings, making the stock its 20th biggest position. First Citizens Asset Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $474,000 as of its most recent filing with the SEC.

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

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA JNK opened at $93.72 on Friday. The firm’s 50-day moving average is $95.13 and its two-hundred day moving average is $95.98. The company 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 has a 12-month low of $90.41 and a 12-month high of $97.90.

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.