Renaissance Technologies LLC lessened its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 97.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,500 shares of the exchange traded fund’s stock after selling 159,100 shares during the quarter. Renaissance Technologies LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $431,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID bought a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $26,000. Brown Lisle Cummings Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $29,000. NFSG Corp increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% during the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 141 shares during the last quarter. Finally, Evolution Wealth Management Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%
NYSEARCA:JNK opened at $95.85 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24. The firm’s 50 day moving average is $95.94 and its 200 day moving average is $96.29. The stock has a market capitalization of $6.93 billion, a PE ratio of 19.96 and a beta of 0.41.
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.
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