Occidental Asset Management LLC Reduces Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Occidental Asset Management LLC lessened its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 64.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,788 shares of the exchange traded fund’s stock after selling 5,078 shares during the quarter. Occidental Asset Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $257,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Endurance Wealth Management Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $25,000. Sunbelt Securities Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $28,000. Clearstead Trust LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter worth approximately $32,000. BerganKDV Wealth Management LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $41,000. Finally, Fairfield Bush & CO. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $41,000.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $91.60 on Tuesday. The company’s 50 day simple moving average is $91.83 and its 200-day simple moving average is $91.49. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $86.28 and a 12-month high of $94.83.

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.