World Investment Advisors LLC Has $2.28 Million Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

World Investment Advisors LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 978.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,325 shares of the exchange traded fund’s stock after purchasing an additional 21,163 shares during the quarter. World Investment Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 83.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 65,488 shares of the exchange traded fund’s stock worth $6,174,000 after buying an additional 29,844 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,512 shares of the exchange traded fund’s stock valued at $1,615,000 after acquiring an additional 567 shares in the last quarter. &PARTNERS bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $491,000. Aletheian Wealth Advisors LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 6.2% in the 3rd quarter. Aletheian Wealth Advisors LLC now owns 10,377 shares of the exchange traded fund’s stock worth $1,015,000 after purchasing an additional 604 shares in the last quarter. Finally, Idaho Trust Bank bought a new position in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $9,993,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $96.43 on Friday. The stock’s 50-day moving average is $96.70 and its 200-day moving average is $95.97. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.47 and a 1-year high of $97.90.

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.