Idaho Trust Bank Grows Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Idaho Trust Bank grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,983 shares of the exchange traded fund’s stock after acquiring an additional 12,114 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for 5.6% of Idaho Trust Bank’s portfolio, making the stock its 2nd biggest holding. Idaho Trust Bank’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $11,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. World Investment Advisors LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 978.9% during the third quarter. World Investment Advisors LLC now owns 23,325 shares of the exchange traded fund’s stock valued at $2,281,000 after purchasing an additional 21,163 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 5.8% during the third quarter. Principal Financial Group Inc. now owns 15,612 shares of the exchange traded fund’s stock valued at $1,527,000 after purchasing an additional 859 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 16,512 shares of the exchange traded fund’s stock valued at $1,615,000 after purchasing an additional 567 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 5.6% during the fourth quarter. Merit Financial Group LLC now owns 5,113 shares of the exchange traded fund’s stock valued at $488,000 after purchasing an additional 270 shares in the last quarter. Finally, Apollon Financial LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 17.8% during the fourth quarter. Apollon Financial LLC now owns 7,927 shares of the exchange traded fund’s stock valued at $757,000 after purchasing an additional 1,195 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $95.31 on Wednesday. The company has a market cap of $8.60 billion, a P/E ratio of 20.14 and a beta of 0.48. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $92.47 and a 1 year high of $97.90. The stock’s fifty day moving average price is $96.35 and its 200-day moving average price is $96.55.

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.