Raleigh Capital Management Inc. Sells 11,412 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Raleigh Capital Management Inc. lessened its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 39.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 17,701 shares of the exchange traded fund’s stock after selling 11,412 shares during the period. Raleigh Capital Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,731,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at approximately $29,000. Olistico Wealth LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at approximately $35,000. Blue Trust Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 235.5% in the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 285 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth approximately $48,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.4 %

Shares of JNK opened at $96.70 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $87.79 and a 1 year high of $97.90. The company has a 50 day simple moving average of $96.83 and a two-hundred day simple moving average of $95.21.

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.