Creative Planning Reduces Stake in SPDR Bloomberg High Yield Bond ETF

On October 13, 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. The institutional investor now holds 8,290 shares of this exchange-traded fund after offloading 2,454 shares within that timeframe. According to the latest filing with the SEC, Creative Planning's total holdings in the ETF were valued at approximately $782,000.

In addition to Creative Planning’s adjustments, several other institutional investors and hedge funds have also altered their positions in the ETF. For instance, EP Wealth Advisors LLC entered the market in the fourth quarter by acquiring a new position valued around $102,000. Similarly, Transcendent Capital Group LLC invested approximately $41,000 for a new stake in SPDR Bloomberg High Yield Bond ETF during the same period. Additionally, Richardson Financial Services Inc. and Fisher Asset Management LLC purchased new stakes worth about $392,000 and $248,000, respectively. SageView Advisory Group LLC notably increased its holdings by 39.2%, now commanding a total of 220,848 shares worth around $20,991,000 after acquiring an extra 62,148 shares in the last quarter. Overall, hedge funds and institutional investors hold a significant 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Market Performance

The SPDR Bloomberg High Yield Bond ETF was trading at $96.79 as of last Friday. Over the past year, the ETF has experienced a low of $87.79 and a high of $97.90. Currently, its 50-day moving average stands at $96.57, while its 200-day moving average is at $95.11.

Overview of SPDR Bloomberg High Yield Bond ETF

The SPDR Bloomberg High Yield Bond ETF, formerly known as SPDR Barclays Capital High Yield Bond ETF, aims to yield investment results that align with the performance of the Barclays Capital High Yield Very Liquid Index. This index comprises publicly issued, non-investment grade, fixed-rate, taxable corporate bonds that are denominated in U.S. dollars. The bonds included in this index must have a minimum remaining maturity of one year, must be rated as high-yield by rating agencies such as Moody’s, S&P, and Fitch, and must feature an outstanding face value of at least $600 million.

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