Peak Financial Management Inc. Decreases Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Peak Financial Management Inc. reduced its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,177 shares of the exchange traded fund’s stock after selling 315 shares during the period. Peak Financial Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $406,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 30.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 21,204 shares of the exchange traded fund’s stock worth $2,021,000 after acquiring an additional 4,895 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at $372,000. Cordatus Wealth Management LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 123.4% during the 1st quarter. Cordatus Wealth Management LLC now owns 12,083 shares of the exchange traded fund’s stock valued at $1,151,000 after buying an additional 6,675 shares during the last quarter. Parallel Advisors LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 34.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,536 shares of the exchange traded fund’s stock valued at $247,000 after buying an additional 652 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 24.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 9,621 shares of the exchange traded fund’s stock valued at $917,000 after buying an additional 1,868 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

Shares of JNK opened at $97.24 on Thursday. The firm has a market cap of $8.23 billion, a PE ratio of 19.96 and a beta of 0.45. The firm has a fifty day simple moving average of $97.37 and a two-hundred day simple moving average of $96.05. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $90.40 and a 1-year high of $98.24.

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.