Creative Planning Reduces Stake in SPDR Bloomberg High Yield Bond ETF

On October 13, 2024, it was reported that Creative Planning has decreased its holdings in the SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 22.8% during the second quarter of the year. Following this reduction, the institutional investor now possesses 8,290 shares, having sold 2,454 shares during that timeframe. The valuation of Creative Planning's stake in the SPDR Bloomberg High Yield Bond ETF stands at approximately $782,000 according to their latest filing with the SEC.

In addition to Creative Planning, several other institutional investors and hedge funds have either increased or decreased their investments in the SPDR Bloomberg High Yield Bond ETF. For instance, EP Wealth Advisors LLC acquired a new position in the ETF in the fourth quarter, investing around $102,000. Similarly, Transcendent Capital Group LLC and Richardson Financial Services Inc. also made new investments in the fourth quarter, with amounts of approximately $41,000 and $392,000 respectively. Fisher Asset Management LLC invested about $248,000 in the same timeframe. Meanwhile, SageView Advisory Group LLC significantly increased its holdings by 39.2%, now owning 220,848 shares worth roughly $20,991,000 after adding 62,148 shares during the last quarter. Notably, hedge funds and institutional investors collectively hold 87.54% of the total company stock.

SPDR Bloomberg High Yield Bond ETF Trading Overview

The SPDR Bloomberg High Yield Bond ETF experienced a slight increase of 0.2% as it opened at $96.79 on Friday. The ETF has seen a 52-week low of $87.79 and a high of $97.90. Additionally, its 50-day moving average is recorded at $96.57, while the 200-day moving average stands at $95.11.

Understanding SPDR Bloomberg High Yield Bond ETF

The SPDR Bloomberg High Yield Bond ETF aims to deliver investment results that reflect the performance of the Bloomberg Barclays Capital High Yield Very Liquid Index. This index includes publicly issued, non-investment grade, fixed-rate, taxable corporate bonds characterized by a remaining maturity of at least one year. These bonds must also be rated high-yield based on the median ratings provided by Moody’s, S&P, and Fitch, and should have a minimum outstanding face value of $600 million.

Related Information

For those interested in tracking further developments or positions held by other hedge funds regarding the SPDR Bloomberg High Yield Bond ETF, relevant information can be found alongside the latest 13F filings and insider trades.

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Creative, Planning, Reduction