NewEdge Wealth LLC Takes $204,000 Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

NewEdge Wealth LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,150 shares of the exchange traded fund’s stock, valued at approximately $204,000.

A number of other hedge funds also recently made changes to their positions in JNK. Fairfield Bush & CO. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at approximately $41,000. Baird Financial Group Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 46.2% in the 1st quarter. Baird Financial Group Inc. now owns 10,011 shares of the exchange traded fund’s stock valued at $1,026,000 after purchasing an additional 3,163 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in SPDR Bloomberg High Yield Bond ETF by 116.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 2,323 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 1,248 shares during the period. Prudential Financial Inc. boosted its position in SPDR Bloomberg High Yield Bond ETF by 2.0% during the 1st quarter. Prudential Financial Inc. now owns 10,427 shares of the exchange traded fund’s stock worth $1,068,000 after buying an additional 209 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 15.7% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,656 shares of the exchange traded fund’s stock worth $272,000 after buying an additional 360 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1 %

NYSEARCA:JNK opened at $92.81 on Friday. The firm’s 50 day simple moving average is $94.34 and its 200 day simple moving average is $93.04. SPDR Bloomberg High Yield Bond ETF has a one year low of $87.79 and a one year high of $95.59.

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.