CIBC Asset Management Inc Sells 14,954 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

CIBC Asset Management Inc decreased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 21.1% during the 3rd quarter, Holdings Channel reports. The firm owned 55,989 shares of the exchange traded fund’s stock after selling 14,954 shares during the period. CIBC Asset Management Inc’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $5,475,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Jane Street Group LLC increased its holdings 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 worth $242,307,000 after acquiring an additional 1,758,741 shares during 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. Toews Corp ADV increased its holdings 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 worth $104,828,000 after acquiring an additional 441,900 shares during the last quarter. Ocean Park Asset Management LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 6.0% during the 2nd quarter. Ocean Park Asset Management LLC now owns 4,790,796 shares of the exchange traded fund’s stock worth $451,628,000 after acquiring an additional 273,096 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 414.5% during the 1st quarter. Cetera Investment Advisers now owns 292,280 shares of the exchange traded fund’s stock worth $27,825,000 after acquiring an additional 235,473 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $96.36 on Monday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $91.12 and a 1-year high of $97.90. The business’s 50 day simple moving average is $96.85 and its 200 day simple moving average is $95.62.

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.