Creative Planning Reduces Stake in SPDR Bloomberg High Yield Bond ETF

On October 13th, 2024, it was reported that Creative Planning has decreased its investment in the SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 22.8% during the second quarter. This institutional investor now holds 8,290 shares of the ETF, having sold 2,454 shares during the specified period. The value of Creative Planning’s holdings in the SPDR Bloomberg High Yield Bond ETF was reported to be approximately $782,000 based on its latest filing with the SEC.

In addition to Creative Planning's adjustment, other institutional players and hedge funds have also modified their investments in the ETF. In the fourth quarter, EP Wealth Advisors LLC acquired a new position in JNK valued at around $102,000. Transcendent Capital Group LLC also entered the market with a new stake worth about $41,000, while Richardson Financial Services Inc. added a new position worth approximately $392,000. Fisher Asset Management LLC also engaged in buying, with a new investment of about $248,000 in the same quarter. Notably, SageView Advisory Group LLC increased its stake in the ETF by 39.2%, bringing its total holdings to 220,848 shares with a value of around $20,991,000 after acquiring an additional 62,148 shares.

Recent Trading Performance of SPDR Bloomberg High Yield Bond ETF

As of Friday, the SPDR Bloomberg High Yield Bond ETF traded at $96.79. Over the past year, the ETF has experienced a low of $87.79 and a peak of $97.90. Its 50-day moving average sits at $96.57, while the 200-day moving average is at $95.11, reflecting the ETF's performance trends.

Understanding SPDR Bloomberg High Yield Bond ETF

The SPDR Bloomberg High Yield Bond ETF, previously known as the SPDR Barclays Capital High Yield Bond ETF, aims to mirror the investment results that align with the price and yield performance of the Barclays Capital High Yield Very Liquid Index. This index includes publicly issued U.S. dollar-denominated, non-investment grade, fixed-rate corporate bonds that have a minimum remaining maturity of one year, rated as high-yield according to the middle ratings from Moody’s, S&P, and Fitch. Furthermore, these bonds must have at least $600 million in outstanding face value.

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For those interested in tracking hedge fund activities related to JNK, recent 13F filings and insider trades are available for review.

Creative, Planning, JNK