Logan Stone Capital LLC Sells 18,255 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Logan Stone Capital LLC lowered its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 428,598 shares of the exchange traded fund’s stock after selling 18,255 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up about 10.4% of Logan Stone Capital LLC’s investment portfolio, making the stock its largest holding. Logan Stone Capital LLC owned 0.48% of SPDR Bloomberg High Yield Bond ETF worth $40,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 11.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,175 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 121 shares during the last quarter. Private Client Services LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 5.2% in the second quarter. Private Client Services LLC now owns 2,476 shares of the exchange traded fund’s stock valued at $233,000 after purchasing an additional 123 shares during the last quarter. Founders Financial Securities LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.8% during the first quarter. Founders Financial Securities LLC now owns 4,831 shares of the exchange traded fund’s stock worth $460,000 after purchasing an additional 130 shares during the period. Hancock Whitney Corp lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 3.2% during the 2nd quarter. Hancock Whitney Corp now owns 4,512 shares of the exchange traded fund’s stock worth $425,000 after purchasing an additional 142 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 6.2% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,449 shares of the exchange traded fund’s stock valued at $232,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $97.54 on Friday. The firm has a 50-day moving average price of $96.21 and a two-hundred day moving average price of $94.94. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $87.79 and a 12-month high of $97.90.

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.