Orion Portfolio Solutions LLC Reduces Stake in SPDR Bloomberg High Yield Bond ETF

On December 19, 2024, it was reported that Orion Portfolio Solutions LLC has lowered its position in the SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.7% during the third quarter. This reduction was disclosed in the firm’s latest filing with the Securities and Exchange Commission. Following this transaction, Orion Portfolio Solutions LLC now holds 3,709 shares of the ETF, having sold 796 shares during the quarter. At the conclusion of the most recent quarter, their holdings in the SPDR Bloomberg High Yield Bond ETF were valued at approximately $363,000.

Other prominent institutional investors have also made moves regarding their holdings in JNK recently. For example, Sumitomo Mitsui Trust Holdings Inc. increased its stake in the ETF by 35.6% in the second quarter, bringing its total to 35,399 shares, valued at $3,337,000 after adding 9,300 shares during the most recent quarter. Similarly, Raymond James & Associates raised its position by 48.7%, now holding 91,017 shares worth $8,580,000, following the purchase of 29,822 additional shares. First Horizon Advisors Inc. grew its stake by 11.5%, now owning 1,175 shares valued at $111,000 after acquiring 121 more shares. Additionally, 1620 Investment Advisors Inc. initiated a new stake valued at $48,000 in the second quarter, while &PARTNERS also acquired a new position valued at about $491,000. Overall, institutional investors and hedge funds account for approximately 87.54% of the SPDR Bloomberg High Yield Bond ETF's stock.

Current Performance of SPDR Bloomberg High Yield Bond ETF

As of Thursday, the SPDR Bloomberg High Yield Bond ETF was trading at $95.42. The ETF has recorded a 50-day moving average of $96.67 and a 200-day moving average of $96.02. Over the past year, the ETF experienced a low of $92.47 and a high of $97.90.

About SPDR Bloomberg High Yield Bond ETF

The SPDR Bloomberg High Yield Bond ETF, previously known as SPDR Barclays Capital High Yield Bond ETF, aims to replicate the investment results corresponding to the performance of the Bloomberg Barclays High Yield Very Liquid Index. This index includes publicly issued, U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bonds with a minimum remaining maturity of at least one year. These bonds are rated high-yield and have a minimum outstanding face value of $600 million.

Additional Information

Investors seeking more insights into their stock options, performance analyses, or similar investment strategies are encouraged to research and stay informed on current market trends.

Orion, Investments, ETF