Novus Advisors LLC Has $283,000 Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Novus Advisors LLC lessened its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 82.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,971 shares of the exchange traded fund’s stock after selling 14,336 shares during the period. Novus Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $283,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in 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 buying an additional 7,653 shares in the last quarter. Nicolet Advisory Services LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $285,000. World Investment Advisors lifted its position in SPDR Bloomberg High Yield Bond ETF by 34.1% during the 4th quarter. World Investment Advisors now owns 31,277 shares of the exchange traded fund’s stock worth $2,986,000 after buying an additional 7,952 shares in the last quarter. PAX Financial Group LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 7.2% during the 4th quarter. PAX Financial Group LLC now owns 6,383 shares of the exchange traded fund’s stock worth $609,000 after buying an additional 427 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in SPDR Bloomberg High Yield Bond ETF by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,449,296 shares of the exchange traded fund’s stock worth $424,774,000 after buying an additional 278,292 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.6%

Shares of NYSEARCA JNK opened at $96.35 on Friday. The firm’s 50-day simple moving average is $96.35 and its 200 day simple moving average is $95.70. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 19.96 and a beta of 0.45. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month 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.