Florin Court Capital LLP Increases Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Florin Court Capital LLP lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,600 shares of the exchange traded fund’s stock after buying an additional 600 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up about 1.6% of Florin Court Capital LLP’s holdings, making the stock its 18th biggest holding. Florin Court Capital LLP’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the first quarter valued at about $32,000. Key Financial Inc acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $34,000. Truvestments Capital LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% in the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 212 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth about $56,000. Finally, Realta Investment Advisors grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 38.5% during the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $96.76 on Friday. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24. The company’s 50 day moving average price is $97.45 and its 200 day moving average price is $96.59. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.