Precision Wealth Strategies LLC Sells 7,196 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Precision Wealth Strategies LLC decreased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 18.7% in the first quarter, Holdings Channel reports. The institutional investor owned 31,369 shares of the exchange traded fund’s stock after selling 7,196 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for about 1.0% of Precision Wealth Strategies LLC’s holdings, making the stock its 27th biggest position. Precision Wealth Strategies LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $26,000. Brown Lisle Cummings Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth about $27,000. Ascentis Independent Advisors purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth about $29,000. NFSG Corp boosted its stake in SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 141 shares in the last quarter. Finally, Evolution Wealth Management Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $95.98 on Friday. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 and a one year high of $98.24. The company’s 50-day moving average is $96.14 and its 200 day moving average is $96.58. The company has a market capitalization of $7.23 billion, a price-to-earnings 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.