TCI Wealth Advisors Inc. Trims Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

TCI Wealth Advisors Inc. lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,920 shares of the exchange traded fund’s stock after selling 328 shares during the period. TCI Wealth Advisors Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at about $30,000. Truvestments Capital LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $37,000. Blue Trust Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 235.5% in the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 285 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $50,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $61,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2 %

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.76 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $92.47 and a 12 month high of $97.90. The firm’s fifty day simple moving average is $96.29 and its 200-day simple moving average is $96.36.

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.