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

Alterna Wealth Management Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 14.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,064 shares of the exchange traded fund’s stock after purchasing an additional 378 shares during the period. Alterna Wealth Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. World Investment Advisors LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 978.9% in the third quarter. World Investment Advisors LLC now owns 23,325 shares of the exchange traded fund’s stock valued at $2,281,000 after purchasing an additional 21,163 shares during the period. Principal Financial Group Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 5.8% during the third quarter. Principal Financial Group Inc. now owns 15,612 shares of the exchange traded fund’s stock worth $1,527,000 after buying an additional 859 shares during the last quarter. Janney Montgomery Scott LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 3.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 16,512 shares of the exchange traded fund’s stock valued at $1,615,000 after acquiring an additional 567 shares during the period. Merit Financial Group LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 5.6% during the 4th quarter. Merit Financial Group LLC now owns 5,113 shares of the exchange traded fund’s stock valued at $488,000 after acquiring an additional 270 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 6.2% during the 3rd quarter. Aletheian Wealth Advisors LLC now owns 10,377 shares of the exchange traded fund’s stock worth $1,015,000 after acquiring an additional 604 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.2 %

Shares of JNK stock opened at $96.76 on Monday. The business’s 50 day moving average is $96.29 and its two-hundred day moving average is $96.37. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $92.47 and a twelve month high of $97.90.

SPDR Bloomberg High Yield Bond ETF 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.