Harbour Trust & Investment Management Co Trims Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Harbour Trust & Investment Management Co cut its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 28.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,903 shares of the exchange traded fund’s stock after selling 10,060 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 978.9% during the third quarter. World Investment Advisors LLC now owns 23,325 shares of the exchange traded fund’s stock valued at $2,281,000 after buying an additional 21,163 shares in the last quarter. Principal Financial Group Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 5.8% in the third quarter. Principal Financial Group Inc. now owns 15,612 shares of the exchange traded fund’s stock valued at $1,527,000 after purchasing an additional 859 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 16,512 shares of the exchange traded fund’s stock valued at $1,615,000 after purchasing an additional 567 shares during the last quarter. Merit Financial Group LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 5.6% during the 4th quarter. Merit Financial Group LLC now owns 5,113 shares of the exchange traded fund’s stock worth $488,000 after purchasing an additional 270 shares in the last quarter. Finally, Apollon Financial LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 17.8% during the 4th quarter. Apollon Financial LLC now owns 7,927 shares of the exchange traded fund’s stock valued at $757,000 after purchasing an additional 1,195 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA JNK opened at $96.24 on Monday. The company’s fifty day simple moving average is $96.22 and its 200 day simple moving average is $96.41. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90.

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.