SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,000 shares of the exchange traded fund’s stock after selling 5,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $7,448,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Valley National Advisers Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $29,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth about $30,000. Truvestments Capital LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $37,000. Blue Trust Inc. raised its position in shares of 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. Finally, Fortitude Family Office LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $96.24 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $92.47 and a 1 year high of $97.90. The firm’s 50 day moving average price is $96.22 and its 200 day moving average price is $96.39.

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.