UBS Group AG Sells 86,389 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

UBS Group AG lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 328,120 shares of the exchange traded fund’s stock after selling 86,389 shares during the quarter. UBS Group AG’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $31,897,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Brindle & Bay Financial Advisors LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $5,441,000. TBH Global Asset Management LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 24.0% in the 4th quarter. TBH Global Asset Management LLC now owns 13,574 shares of the exchange traded fund’s stock worth $1,319,000 after purchasing an additional 2,623 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 25.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 25,529 shares of the exchange traded fund’s stock worth $2,482,000 after purchasing an additional 5,177 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $1,249,000. Finally, Harbour Trust & Investment Management Co raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.8% in the 4th quarter. Harbour Trust & Investment Management Co now owns 27,381 shares of the exchange traded fund’s stock worth $2,662,000 after purchasing an additional 226 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.3%

NYSEARCA:JNK opened at $96.52 on Friday. The stock has a market capitalization of $7.30 billion, a PE ratio of 19.96 and a beta of 0.41. The firm’s 50 day moving average is $96.22 and its 200 day moving average is $96.92. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24.

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.