Renaissance Technologies LLC Sells 159,100 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Renaissance Technologies LLC cut its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 97.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,500 shares of the exchange traded fund’s stock after selling 159,100 shares during the period. Renaissance Technologies LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $26,000. Brown Lisle Cummings Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $27,000. Ascentis Independent Advisors purchased a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $29,000. NFSG Corp grew its position in SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 141 shares in the last quarter. Finally, Evolution Wealth Management Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $95.85 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week high of $98.24. The firm has a 50-day moving average price of $95.94 and a two-hundred day moving average price of $96.29. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

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.