Kingsview Wealth Management LLC Sells 25,710 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Kingsview Wealth Management LLC reduced its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 41.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,118 shares of the exchange traded fund’s stock after selling 25,710 shares during the quarter. Kingsview Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,511,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JNK. Creative Planning boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 16.6% in the 2nd quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after purchasing an additional 629 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 124 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% in the 2nd quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock worth $6,987,000 after purchasing an additional 15,491 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock worth $37,415,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% in the 2nd quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock worth $6,124,000 after purchasing an additional 712 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.2%

JNK opened at $96.77 on Friday. The stock has a 50-day moving average price of $96.18 and a 200-day moving average price of $96.81. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $94.49 and a 12-month high of $98.24. The stock has a market capitalization of $7.32 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.