Truist Financial Corp Reduces Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Truist Financial Corp lowered its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,605 shares of the exchange traded fund’s stock after selling 8,857 shares during the period. Truist Financial Corp owned about 0.08% of SPDR Bloomberg High Yield Bond ETF worth $6,263,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at $29,000. Creative Financial Designs Inc. ADV bought a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $30,000. Truvestments Capital LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $37,000. Blue Trust Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 235.5% in the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 285 shares in the last quarter. Finally, Realta Investment Advisors raised its holdings in SPDR Bloomberg High Yield Bond ETF by 89.7% in the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $96.63 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $92.47 and a 12 month high of $97.90. The firm has a fifty day simple moving average of $96.15 and a two-hundred day simple moving average of $96.50.

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.