Edgestream Partners L.P. Trims Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Edgestream Partners L.P. trimmed its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 56.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,077 shares of the exchange traded fund’s stock after selling 12,880 shares during the period. Edgestream Partners L.P.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Legacy Wealth Managment LLC ID purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $26,000. Brown Lisle Cummings Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth $27,000. Ascentis Independent Advisors bought a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at about $29,000. NFSG Corp increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 141 shares during the last quarter. Finally, Evolution Wealth Management Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 104.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.3%

JNK opened at $95.75 on Wednesday. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The company’s 50-day moving average price is $96.02 and its 200 day moving average price is $96.42. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24.

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.