SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 2.6% in the third quarter, Holdings Channel reports. The fund owned 8,444 shares of the exchange traded fund’s stock after selling 227 shares during the period. Oppenheimer & Co. Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Redmont Wealth Advisors LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $29,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $30,000. Olistico Wealth LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $35,000. Finally, Blue Trust Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% during the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 285 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $96.68 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.43 and a 52 week high of $97.90. The company has a 50-day moving average price of $96.85 and a 200 day moving average price of $95.65.

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.