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

On October 13, 2024, it was reported that Creative Planning has significantly reduced its holdings in the SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 22.8% during the second quarter. According to recent filings, the institutional investor now owns 8,290 shares after selling off 2,454 shares. As per the latest SEC documentation, the value of Creative Planning's investment in the ETF amounts to approximately $782,000.

Other institutional investors and hedge funds have also made adjustments to their positions in the SPDR Bloomberg High Yield Bond ETF. For instance, EP Wealth Advisors LLC established a new position in the ETF during the fourth quarter, investing around $102,000. Similarly, Transcendent Capital Group LLC and Richardson Financial Services Inc. purchased stakes worth approximately $41,000 and $392,000, respectively, in the same period. Additionally, Fisher Asset Management LLC bought new shares valued at about $248,000, while SageView Advisory Group LLC increased its holdings significantly by 39.2%, now owning 220,848 shares, worth $20,991,000 after acquiring an additional 62,148 shares. Overall, institutional investors hold about 87.54% of the ETF's shares.

Recent Trading Performance of SPDR Bloomberg High Yield Bond ETF

The trading performance of SPDR Bloomberg High Yield Bond ETF has shown some stability recently. On the trading day noted, the ETF opened at $96.79. Over the past year, the ETF reached a low of $87.79 and a high of $97.90. The stock is currently tracking a 50-day moving average of $96.57 and a 200-day moving average of $95.11, indicating a steady performance in the market.

Understanding SPDR Bloomberg High Yield Bond ETF

The SPDR Bloomberg High Yield Bond ETF aims to replicate the performance of the Barclays Capital High Yield Very Liquid Index. This index comprises publicly issued, non-investment grade, fixed-rate corporate bonds denominated in U.S. dollars. The bonds included must have a remaining maturity of at least one year, be rated as high-yield by major rating agencies, and have a minimum outstanding face value of $600 million.

Creative, Planning, Stock