SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 49.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,900 shares of the exchange traded fund’s stock after selling 140,700 shares during the quarter. Renaissance Technologies LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $13,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pacific Asset Management LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 27.7% during the 3rd quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after purchasing an additional 190,796 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 5.8% during the third quarter. Westside Investment Management Inc. now owns 6,742 shares of the exchange traded fund’s stock valued at $659,000 after buying an additional 370 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 16.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 48,207 shares of the exchange traded fund’s stock valued at $4,659,000 after acquiring an additional 6,693 shares during the period. World Investment Advisors LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 978.9% in the 3rd quarter. World Investment Advisors LLC now owns 23,325 shares of the exchange traded fund’s stock worth $2,281,000 after acquiring an additional 21,163 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 27.9% during the 3rd quarter. Tidal Investments LLC now owns 15,822 shares of the exchange traded fund’s stock worth $1,539,000 after acquiring an additional 3,452 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $92.93 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.41 and a fifty-two week high of $97.90. The firm has a market capitalization of $6.21 billion, a PE ratio of 19.36 and a beta of 0.43. The stock’s 50-day simple moving average is $95.37 and its 200-day simple moving average is $96.08.

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.