Edgestream Partners L.P. Boosts Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Edgestream Partners L.P. increased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 120.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,173 shares of the exchange traded fund’s stock after acquiring an additional 14,839 shares during the quarter. Edgestream Partners L.P.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of JNK. Wetzel Investment Advisors Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $28,000. Kessler Investment Group LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $33,000. Transcendent Capital Group LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $41,000. Beaird Harris Wealth Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $47,000. Finally, Hexagon Capital Partners LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 102.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 511 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock traded up $0.05 on Tuesday, reaching $95.59. The company had a trading volume of 193,139 shares, compared to its average volume of 4,708,145. The firm’s 50 day moving average price is $94.46 and its two-hundred day moving average price is $94.37. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $87.79 and a 52-week high of $95.70.

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.