Kingsview Wealth Management LLC Has $5.89 Million Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Kingsview Wealth Management LLC cut its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 30.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,253 shares of the exchange traded fund’s stock after selling 26,678 shares during the quarter. Kingsview Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $5,892,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $29,000. Creative Financial Designs Inc. ADV acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $30,000. Olistico Wealth LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $35,000. Finally, Blue Trust Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% during the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 285 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $96.65 on Friday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $91.77 and a twelve month high of $97.90. The stock’s 50 day moving average is $96.84 and its 200-day moving average is $95.69.

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.