SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC decreased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,173 shares of the exchange traded fund’s stock after selling 6,182 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for approximately 1.1% of Checchi Capital Advisers LLC’s portfolio, making the stock its 11th biggest holding. Checchi Capital Advisers LLC owned about 0.24% of SPDR Bloomberg High Yield Bond ETF worth $18,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,514,282 shares of the exchange traded fund’s stock valued at $144,568,000 after buying an additional 61,403 shares during the last quarter. IFP Advisors Inc increased its position in SPDR Bloomberg High Yield Bond ETF by 40.6% in the 4th quarter. IFP Advisors Inc now owns 11,705 shares of the exchange traded fund’s stock valued at $1,118,000 after acquiring an additional 3,381 shares during the period. Pinnacle Financial Partners Inc raised its stake in SPDR Bloomberg High Yield Bond ETF by 7.6% during the 4th quarter. Pinnacle Financial Partners Inc now owns 2,216 shares of the exchange traded fund’s stock valued at $212,000 after acquiring an additional 156 shares during the last quarter. Prentice Wealth Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $776,000. Finally, Boyd Watterson Asset Management LLC OH grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock valued at $147,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $96.96 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90. The stock’s 50 day simple moving average is $96.16 and its 200-day simple moving average is $96.54.

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.