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

NewEdge Advisors LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 35.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,980 shares of the exchange traded fund’s stock after buying an additional 11,813 shares during the quarter. NewEdge Advisors LLC owned 0.06% of SPDR Bloomberg High Yield Bond ETF worth $4,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Creative Planning lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 16.6% during the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after acquiring an additional 629 shares during the period. Franklin Resources Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 13.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 124 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock valued at $37,415,000 after purchasing an additional 13,500 shares during the last quarter. Ieq Capital LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% during the 2nd quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after purchasing an additional 712 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.1% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 12,061 shares of the exchange traded fund’s stock worth $1,173,000 after purchasing an additional 252 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 Performance

Shares of NYSEARCA:JNK opened at $95.69 on Wednesday. The company’s 50-day moving average is $95.94 and its 200 day moving average is $96.34. The company has a market capitalization of $6.92 billion, a P/E ratio of 19.96 and a beta of 0.41. 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 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.