Novus Advisors LLC Takes $1.65 Million Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Novus Advisors LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,307 shares of the exchange traded fund’s stock, valued at approximately $1,652,000. SPDR Bloomberg High Yield Bond ETF accounts for approximately 1.6% of Novus Advisors LLC’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of JNK. Valley National Advisers Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $29,000. Truvestments Capital LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $37,000. Realta Investment Advisors increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% during the fourth quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 210 shares during the period. ESL Trust Services LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth approximately $75,000. Finally, Boyd Watterson Asset Management LLC OH lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock valued at $147,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.4 %

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $95.97 on Friday. The company has a 50-day moving average of $96.33 and a two-hundred day moving average of $96.57. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month 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.