Conservest Capital Advisors Inc. Sells 110 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Conservest Capital Advisors Inc. cut its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,191 shares of the exchange traded fund’s stock after selling 110 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JNK. Schroder Investment Management Group increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4,254.2% in the third quarter. Schroder Investment Management Group now owns 979,690 shares of the exchange traded fund’s stock valued at $88,564,000 after buying an additional 957,190 shares in the last quarter. Toews Corp ADV acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $69,939,000. Wright Fund Management LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 9.5% in the third quarter. Wright Fund Management LLC now owns 4,796,606 shares of the exchange traded fund’s stock valued at $433,613,000 after buying an additional 416,798 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $31,903,000. Finally, Sei Investments Co. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $25,684,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK traded up $0.31 during midday trading on Friday, reaching $93.73. The company’s stock had a trading volume of 5,454,924 shares, compared to its average volume of 5,255,109. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $87.79 and a fifty-two week high of $95.59. The business’s fifty day simple moving average is $94.24 and its 200-day simple moving average is $93.23.

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.