Orion Portfolio Solutions LLC Lowers Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Orion Portfolio Solutions LLC reduced its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,709 shares of the exchange traded fund’s stock after selling 796 shares during the period. Orion Portfolio Solutions LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $363,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JNK. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 35.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 35,399 shares of the exchange traded fund’s stock worth $3,337,000 after acquiring an additional 9,300 shares during the last quarter. Raymond James & Associates boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 48.7% during the second quarter. Raymond James & Associates now owns 91,017 shares of the exchange traded fund’s stock worth $8,580,000 after buying an additional 29,822 shares during the period. First Horizon Advisors Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.5% in the second quarter. First Horizon Advisors Inc. now owns 1,175 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 121 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $48,000. Finally, &PARTNERS acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth about $491,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 1.0 %

NYSEARCA JNK opened at $95.42 on Thursday. The stock has a 50-day moving average of $96.67 and a two-hundred day moving average of $96.02. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.47 and a 1-year 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.