BTS Asset Management Inc. Lowers Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

BTS Asset Management Inc. lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 182,824 shares of the exchange traded fund’s stock after selling 11,424 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up approximately 17.4% of BTS Asset Management Inc.’s holdings, making the stock its 2nd largest holding. BTS Asset Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $17,454,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $30,000. Truvestments Capital LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $37,000. Blue Trust Inc. raised its position in 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 worth $38,000 after acquiring an additional 285 shares during the period. Fortitude Family Office LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $50,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $61,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $96.45 on Friday. SPDR Bloomberg High Yield Bond ETF has a one year low of $92.47 and a one year high of $97.90. The business has a fifty day moving average price of $96.26 and a 200-day moving average price of $96.21.

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.