Focus Financial Network Inc. Trims Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Focus Financial Network Inc. cut its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,091 shares of the exchange traded fund’s stock after selling 347 shares during the quarter. Focus Financial Network Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JNK. Assetmark Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.1% during the third quarter. Assetmark Inc. now owns 4,446,240 shares of the exchange traded fund’s stock valued at $434,798,000 after acquiring an additional 174,815 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% during the third quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after acquiring an additional 8,872,450 shares during the last quarter. World Investment Advisors LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the third quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after acquiring an additional 1,963,931 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.7% during the third quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock valued at $134,617,000 after acquiring an additional 165,682 shares during the last quarter. Finally, Pacific Asset Management LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% during the third quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock valued at $86,051,000 after acquiring an additional 190,796 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $96.56 on Friday. The company has a 50 day moving average price of $96.17 and a 200 day moving average price of $96.42. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $92.47 and a fifty-two week high of $97.90.

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.