Optimum Investment Advisors Sells 232 Shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

Optimum Investment Advisors trimmed its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,842 shares of the exchange traded fund’s stock after selling 232 shares during the quarter. Optimum Investment Advisors’ holdings in SPDR Bloomberg Barclays High Yield Bond ETF were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Wilbanks Smith & Thomas Asset Management LLC grew its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 2.2% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 281,498 shares of the exchange traded fund’s stock worth $30,666,000 after buying an additional 5,928 shares during the last quarter. PFS Investments Inc. acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the second quarter worth approximately $3,893,000. Carnick & Kubik Group LLC acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the second quarter worth approximately $19,924,000. Virtus Investment Advisers Inc. acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the second quarter worth approximately $313,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 30.2% during the second quarter. Tower Research Capital LLC TRC now owns 13,460 shares of the exchange traded fund’s stock worth $1,466,000 after purchasing an additional 3,124 shares in the last quarter.

Shares of JNK stock opened at $108.47 on Friday. SPDR Bloomberg Barclays High Yield Bond ETF has a 1 year low of $98.76 and a 1 year high of $109.62. The firm’s 50 day moving average is $108.50 and its 200-day moving average is $95.51.

SPDR Bloomberg Barclays 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.

Further Reading: Basic Economics

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Institutional Ownership by Quarter for SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

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