World Investment Advisors Has $2.99 Million Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

World Investment Advisors increased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,277 shares of the exchange traded fund’s stock after purchasing an additional 7,952 shares during the period. World Investment Advisors’ holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nicolet Advisory Services LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $285,000. OLD Mission Capital LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 6.5% in the 4th quarter. OLD Mission Capital LLC now owns 66,844 shares of the exchange traded fund’s stock valued at $6,382,000 after purchasing an additional 4,087 shares during the period. National Wealth Management Group LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $433,000. Franklin Resources Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 818.5% during the 4th quarter. Franklin Resources Inc. now owns 8,588 shares of the exchange traded fund’s stock worth $820,000 after purchasing an additional 7,653 shares in the last quarter. Finally, Summit Financial LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 6.8% during the fourth quarter. Summit Financial LLC now owns 41,564 shares of the exchange traded fund’s stock worth $3,968,000 after purchasing an additional 2,662 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 1.5 %

NYSEARCA JNK opened at $92.45 on Friday. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48. The company has a 50 day moving average of $96.06 and a 200-day moving average of $96.37. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.08 and a 1-year high of $97.90.

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.