NewEdge Advisors LLC Boosts Stock Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

NewEdge Advisors LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 35.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 44,980 shares of the exchange traded fund’s stock after acquiring an additional 11,813 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. American Family Investments Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at $202,974,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $174,978,000. State Street Corp increased its holdings in SPDR Bloomberg High Yield Bond ETF by 14.2% in the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after acquiring an additional 1,577,119 shares during the last quarter. TD Asset Management Inc bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $80,090,000. Finally, Meeder Asset Management Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $49,475,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.0%

NYSEARCA JNK opened at $95.69 on Wednesday. The company has a market cap of $6.92 billion, a PE 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 firm’s 50-day simple moving average is $95.94 and its two-hundred day simple moving average is $96.34.

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.