Covenant Partners LLC Has $1.07 Million Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Covenant Partners LLC decreased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.1% during the 3rd quarter, Holdings Channel reports. The firm owned 10,930 shares of the exchange traded fund’s stock after selling 1,091 shares during the quarter. Covenant Partners LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,069,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JNK. Redmont Wealth Advisors LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth about $25,000. GHP Investment Advisors Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at $29,000. Olistico Wealth LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $35,000. Blue Trust Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% in the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 285 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $48,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2 %

SPDR Bloomberg High Yield Bond ETF stock traded down $0.15 during midday trading on Friday, hitting $96.36. 5,020,651 shares of the stock were exchanged, compared to its average volume of 3,050,529. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $88.31 and a 52-week high of $97.90. The business’s 50-day moving average price is $96.87 and its 200-day moving average price is $95.26.

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.