SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Norden Group LLC

Norden Group LLC lessened its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 14.4% in the 2nd quarter, Holdings Channel reports. The fund owned 88,572 shares of the exchange traded fund’s stock after selling 14,862 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for approximately 1.7% of Norden Group LLC’s holdings, making the stock its 7th biggest position. Norden Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $8,350,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth $25,000. Olistico Wealth LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth about $35,000. Transcendent Capital Group LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $41,000. Beaird Harris Wealth Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $47,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $48,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1 %

Shares of JNK stock traded down $0.13 during trading hours on Friday, hitting $96.49. The company’s stock had a trading volume of 4,007,309 shares, compared to its average volume of 4,516,874. The business has a fifty day moving average of $95.50 and a 200-day moving average of $94.68. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $87.79 and a twelve month high of $96.96.

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.