Westside Investment Management Inc. Boosts Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Westside Investment Management Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,160 shares of the exchange traded fund’s stock after buying an additional 527 shares during the period. Westside Investment Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $586,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 93.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 930 shares of the exchange traded fund’s stock worth $84,000 after purchasing an additional 450 shares during the period. Trexquant Investment LP acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $291,000. Tower Research Capital LLC TRC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 11.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,373 shares of the exchange traded fund’s stock worth $938,000 after purchasing an additional 1,075 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 22.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 539,064 shares of the exchange traded fund’s stock worth $48,728,000 after acquiring an additional 99,531 shares during the period. Finally, Sei Investments Co. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $25,684,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $94.20 on Thursday. SPDR Bloomberg High Yield Bond ETF has a one year low of $87.79 and a one year high of $95.59. The company has a fifty day moving average of $94.19 and a 200-day moving average of $94.34.

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.