NewEdge Advisors LLC grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 107.9% during the 2nd quarter, Holdings Channel reports. The fund owned 93,515 shares of the exchange traded fund’s stock after acquiring an additional 48,535 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $9,012,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 128.7% during the second quarter. IFP Advisors Inc now owns 7,458 shares of the exchange traded fund’s stock valued at $719,000 after buying an additional 4,197 shares during the period. Brown Lisle Cummings Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 74.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 497 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 212 shares during the period. Tucker Asset Management LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 1,398.2% in the 2nd quarter. Tucker Asset Management LLC now owns 8,495 shares of the exchange traded fund’s stock valued at $819,000 after acquiring an additional 7,928 shares during the last quarter. Hyundai Investments Co. Ltd. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 82.1% in the 2nd quarter. Hyundai Investments Co. Ltd. now owns 6,788 shares of the exchange traded fund’s stock valued at $654,000 after acquiring an additional 3,061 shares during the last quarter. Finally, Sovereign Investment Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.6% during the 2nd quarter. Sovereign Investment Advisors LLC now owns 50,383 shares of the exchange traded fund’s stock worth $4,855,000 after purchasing an additional 816 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Stock Down 0.0%
JNK stock opened at $94.61 on Friday. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24. The stock’s fifty day simple moving average is $95.70 and its 200-day simple moving average is $96.04.
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.
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