MidWestOne Financial Group Inc. Lowers Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

MidWestOne Financial Group Inc. cut its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,078 shares of the exchange traded fund’s stock after selling 239 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Redmont Wealth Advisors LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $25,000. GHP Investment Advisors Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $29,000. Olistico Wealth LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $35,000. Transcendent Capital Group LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $41,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $47,000. 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 SPDR Bloomberg High Yield Bond ETF stock opened at $97.79 on Friday. The business has a 50-day moving average of $96.26 and a 200 day moving average of $94.97. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $87.79 and a 12 month high of $97.90.

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.