SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 70.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,357 shares of the exchange traded fund’s stock after purchasing an additional 35,363 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $8,149,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JNK. Valley National Advisers Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $29,000. Creative Financial Designs Inc. ADV increased its stake in SPDR Bloomberg High Yield Bond ETF by 38.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Realta Investment Advisors raised its holdings in SPDR Bloomberg High Yield Bond ETF by 89.7% during the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 210 shares during the period. Boyd Watterson Asset Management LLC OH boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 1,500 shares during the period. Finally, WealthTrak Capital Management LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $176,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $93.72 on Friday. The firm has a 50 day simple moving average of $95.13 and a 200 day simple moving average of $95.98. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.41 and a 52 week high of $97.90. The company has a market cap of $6.27 billion, a PE ratio of 19.36 and a beta of 0.43.

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.