Creative Planning Reduces Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Creative Planning has announced a reduction in its investment in the SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK), decreasing its holdings by 22.8% during the second quarter of the year, according to reports. Following this adjustment, Creative Planning now holds 8,290 shares of this exchange-traded fund, having sold off 2,454 shares in this time frame. The total value of Creative Planning’s position in the SPDR Bloomberg High Yield Bond ETF stood at approximately $782,000 as per its latest filing with the Securities and Exchange Commission (SEC).

In addition to Creative Planning, there have been several movements among other institutional investors regarding their stakes in the SPDR Bloomberg High Yield Bond ETF. For instance, EP Wealth Advisors LLC participated in the fourth quarter by acquiring a new position valued around $102,000. Similarly, Transcendent Capital Group LLC secured a stake worth about $41,000, while Richardson Financial Services Inc. invested approximately $392,000 in new shares. Furthermore, Fisher Asset Management LLC took on a stake valued at around $248,000 during the same period. Notably, SageView Advisory Group LLC saw a significant increase of 39.2% in their holdings, ultimately owning 220,848 shares worth roughly $20,991,000 after an additional purchase of 62,148 shares last quarter. Overall, hedge funds and institutional investors collectively hold 87.54% of the shares of the SPDR Bloomberg High Yield Bond ETF.

Current Trading Status

As of the latest trading session, the SPDR Bloomberg High Yield Bond ETF was observed at a price of $96.79. The fund’s share price has fluctuated over the past year, with a low of $87.79 and a high of $97.90. The current 50-day moving average stands at $96.57, while the 200-day moving average is noted at $95.11, reflecting the recent trends in the ETF’s performance.

Overview of SPDR Bloomberg High Yield Bond ETF

The SPDR Barclays High Yield Bond ETF aims to provide investment outcomes that align with the performance metrics of the Barclays Capital High Yield Very Liquid Index. This index comprises publicly issued, U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bonds. To qualify, these bonds must possess a remaining maturity of at least one year, be rated high-yield as per the median ratings by Moody’s, S&P, or Fitch, and have a minimum of $600 million in outstanding face value.

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