Peak Financial Management Inc. Grows Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Peak Financial Management Inc. increased its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,482 shares of the exchange traded fund’s stock after acquiring an additional 195 shares during the quarter. Peak Financial Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $438,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JNK. EP Wealth Advisors LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $102,000. Fisher Asset Management LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at about $248,000. Insight Wealth Strategies LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter valued at about $3,294,000. Clearview Wealth Advisors LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter valued at about $925,000. Finally, Apella Capital LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 10.6% during the first quarter. Apella Capital LLC now owns 126,818 shares of the exchange traded fund’s stock valued at $11,974,000 after buying an additional 12,124 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock remained flat at $96.85 during mid-day trading on Tuesday. 1,357,932 shares of the company’s stock traded hands, compared to its average volume of 4,350,421. The stock’s 50-day moving average price is $96.62 and its two-hundred day moving average price is $95.12. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $87.79 and a 1-year high of $97.90.

SPDR Bloomberg High Yield Bond ETF Company Profile

SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.