Capstone Investment Advisors LLC Reduces Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Capstone Investment Advisors LLC cut its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 43.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,701 shares of the exchange traded fund’s stock after selling 73,900 shares during the period. Capstone Investment Advisors LLC owned about 0.12% of SPDR Bloomberg High Yield Bond ETF worth $9,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Ocean Park Asset Management LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 6.0% during the second quarter. Ocean Park Asset Management LLC now owns 4,790,796 shares of the exchange traded fund’s stock worth $451,628,000 after acquiring an additional 273,096 shares during the period. Assetmark Inc. grew its position in 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 buying an additional 174,815 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,156,310 shares of the exchange traded fund’s stock worth $297,545,000 after acquiring an additional 19,504 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock valued at $134,617,000 after purchasing an additional 165,682 shares in the last quarter. Finally, Toews Corp ADV boosted its position in SPDR Bloomberg High Yield Bond ETF by 65.9% during the second quarter. Toews Corp ADV now owns 1,112,000 shares of the exchange traded fund’s stock worth $104,828,000 after purchasing an additional 441,900 shares in 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

SPDR Bloomberg High Yield Bond ETF stock opened at $97.14 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $91.90 and a 12 month high of $97.90. The business has a 50 day simple moving average of $96.82 and a 200-day simple moving average of $95.75.

SPDR Bloomberg High Yield Bond ETF 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.