Palouse Capital Management Inc. decreased its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 66.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,023 shares of the exchange traded fund’s stock after selling 89,647 shares during the quarter. SPDR Bloomberg Barclays High Yield Bond ETF comprises 1.8% of Palouse Capital Management Inc.’s holdings, making the stock its 26th largest holding. Palouse Capital Management Inc.’s holdings in SPDR Bloomberg Barclays High Yield Bond ETF were worth $4,905,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JNK. Ellevest Inc. increased its position in SPDR Bloomberg Barclays High Yield Bond ETF by 17.3% during the 1st quarter. Ellevest Inc. now owns 49,227 shares of the exchange traded fund’s stock valued at $1,844,000 after buying an additional 7,243 shares in the last quarter. Epstein & White Financial LLC raised its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 15.3% during the first quarter. Epstein & White Financial LLC now owns 18,494 shares of the exchange traded fund’s stock valued at $668,000 after acquiring an additional 2,461 shares during the period. Global Retirement Partners LLC raised its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 25.5% during the first quarter. Global Retirement Partners LLC now owns 25,141 shares of the exchange traded fund’s stock valued at $904,000 after acquiring an additional 5,112 shares during the period. Global Financial Private Capital LLC raised its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 48.3% during the first quarter. Global Financial Private Capital LLC now owns 848,767 shares of the exchange traded fund’s stock valued at $30,530,000 after acquiring an additional 276,569 shares during the period. Finally, Virtue Capital Management LLC raised its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 169.2% during the first quarter. Virtue Capital Management LLC now owns 195,600 shares of the exchange traded fund’s stock valued at $7,036,000 after acquiring an additional 122,929 shares during the period.

Shares of JNK stock traded down $0.43 during trading hours on Friday, hitting $108.14. The stock had a trading volume of 602,597 shares, compared to its average volume of 6,126,901. SPDR Bloomberg Barclays High Yield Bond ETF has a one year low of $98.76 and a one year high of $109.62. The stock’s 50-day moving average price is $108.14 and its two-hundred day moving average price is $75.09.

About SPDR Bloomberg Barclays 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.

Further Reading: Oversold

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Institutional Ownership by Quarter for SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

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