J.W. Cole Advisors Inc. Has $427,000 Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

J.W. Cole Advisors Inc. lowered its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,533 shares of the exchange traded fund’s stock after selling 224 shares during the period. J.W. Cole Advisors Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 3,156,310 shares of the exchange traded fund’s stock valued at $297,545,000 after buying an additional 19,504 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $4,113,000. GHP Investment Advisors Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth about $29,000. Idaho Trust Bank bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $9,993,000. Finally, LPL Financial LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 8.9% in the 2nd quarter. LPL Financial LLC now owns 1,069,135 shares of the exchange traded fund’s stock valued at $100,787,000 after purchasing an additional 87,542 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1 %

Shares of NYSEARCA JNK opened at $97.33 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $87.79 and a 12 month high of $97.41. The stock has a 50 day moving average of $95.82 and a 200-day moving average of $94.78.

About SPDR Bloomberg High Yield Bond ETF

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.