SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. decreased its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 12.2% in the 3rd quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth $2,485,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 11.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 80,000 shares of the exchange traded fund’s stock valued at $7,616,000 after purchasing an additional 8,000 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 163.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,368 shares of the exchange traded fund’s stock valued at $1,463,000 after purchasing an additional 9,539 shares in the last quarter. Financial Counselors Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $434,000. Finally, Richardson Financial Services Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 187.0% in the 1st quarter. Richardson Financial Services Inc. now owns 11,869 shares of the exchange traded fund’s stock valued at $1,130,000 after purchasing an additional 7,734 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

JNK stock opened at $95.98 on Tuesday. The firm has a 50 day simple moving average of $96.86 and a 200-day simple moving average of $95.40. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.22 and a twelve month high of $97.90.

About SPDR Bloomberg High Yield Bond ETF

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.