Edgestream Partners L.P. Buys 19,726 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Edgestream Partners L.P. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 125.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,494 shares of the exchange traded fund’s stock after purchasing an additional 19,726 shares during the period. Edgestream Partners L.P.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,453,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Toews Corp ADV acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $51,699,000. Counterpoint Mutual Funds LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $45,947,000. Quadrature Capital Ltd acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $36,265,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 10.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock valued at $354,458,000 after purchasing an additional 360,678 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 6.5% in the second quarter. Assetmark Inc. now owns 5,066,020 shares of the exchange traded fund’s stock worth $492,772,000 after purchasing an additional 309,551 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $97.26 on Thursday. The stock has a 50-day simple moving average of $97.20 and a 200 day simple moving average of $96.87. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24. The stock has a market capitalization of $8.14 billion, a PE ratio of 19.96 and a beta of 0.42.

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.