World Investment Advisors Grows Position in SPDR Bloomberg High Yield Bond ETF $JNK

World Investment Advisors raised its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,946 shares of the exchange traded fund’s stock after acquiring an additional 7,874 shares during the quarter. World Investment Advisors’ holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,203,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Legacy Wealth Managment LLC ID purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $26,000. Caitlin John LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $29,000. Evolution Wealth Management Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 104.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 175 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $35,000. Finally, Brown Brothers Harriman & Co. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $35,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.3%

JNK stock opened at $96.39 on Friday. The firm has a 50 day moving average of $96.38 and a 200-day moving average of $96.73. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $94.49 and a 12-month high of $98.24. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

About SPDR Bloomberg High Yield Bond ETF

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.