SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC trimmed its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,425 shares of the exchange traded fund’s stock after selling 244 shares during the quarter. Meridian Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of JNK. JPMorgan Chase & Co. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after purchasing an additional 8,872,450 shares in the last quarter. World Investment Advisors LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% in the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after purchasing an additional 1,963,931 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 401.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 776,841 shares of the exchange traded fund’s stock valued at $75,967,000 after purchasing an additional 621,906 shares in the last quarter. Pacific Asset Management LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% in the 3rd quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock valued at $86,051,000 after purchasing an additional 190,796 shares in the last quarter. Finally, Strategic Investment Management LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $17,441,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $96.38 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $92.47 and a twelve month high of $97.90. The firm’s fifty day simple moving average is $96.30 and its 200-day simple moving average is $96.57.

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.