Alterna Wealth Management Inc. Lowers Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Alterna Wealth Management Inc. decreased its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 12.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,686 shares of the exchange traded fund’s stock after selling 373 shares during the period. Alterna Wealth Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JNK. Jane Street Group LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 223.6% during the 1st quarter. Jane Street Group LLC now owns 2,545,240 shares of the exchange traded fund’s stock valued at $242,307,000 after acquiring an additional 1,758,741 shares during the period. Arch Capital Group LTD. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $100,794,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 25.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock valued at $259,047,000 after buying an additional 550,840 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $46,519,000. Finally, Toews Corp ADV lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 65.9% during the 2nd quarter. Toews Corp ADV now owns 1,112,000 shares of the exchange traded fund’s stock valued at $104,828,000 after buying an additional 441,900 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA JNK opened at $95.98 on Tuesday. The firm has a fifty day moving average of $96.86 and a 200 day moving average of $95.40. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.22 and a one 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.