Ocean Park Asset Management LLC Trims Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Ocean Park Asset Management LLC lowered its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,760,824 shares of the exchange traded fund’s stock after selling 145,600 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for 8.2% of Ocean Park Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Ocean Park Asset Management LLC owned approximately 2.27% of SPDR Bloomberg High Yield Bond ETF worth $169,691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kraft Davis & Associates LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $239,000. AFG Fiduciary Services Limited Partnership lifted its stake in SPDR Bloomberg High Yield Bond ETF by 14.6% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 3,581 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 457 shares during the period. Aletheian Wealth Advisors LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% during the second quarter. Aletheian Wealth Advisors LLC now owns 12,739 shares of the exchange traded fund’s stock valued at $1,228,000 after purchasing an additional 424 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at $261,000. Finally, Palouse Capital Management Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $152,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $95.69 on Wednesday. The company’s 50-day simple moving average is $95.94 and its 200-day simple moving average is $96.34. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The stock has a market capitalization of $6.92 billion, a P/E ratio of 19.96 and a beta of 0.41.

SPDR Bloomberg High Yield Bond ETF Company Profile

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.