Florin Court Capital LLP Raises Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Florin Court Capital LLP boosted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 24.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,800 shares of the exchange traded fund’s stock after acquiring an additional 2,100 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for 1.1% of Florin Court Capital LLP’s holdings, making the stock its 20th largest holding. Florin Court Capital LLP’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $28,000. Clearstead Advisors LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 862.1% during the 3rd quarter. Clearstead Advisors LLC now owns 558 shares of the exchange traded fund’s stock valued at $50,000 after buying an additional 500 shares in the last quarter. WealthShield Partners LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $55,000. Sandy Spring Bank bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $56,000. Finally, Provence Wealth Management Group purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at about $60,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA JNK traded up $0.29 on Friday, reaching $93.71. 1,786,709 shares of the company’s stock traded hands, compared to its average volume of 5,409,188. The business’s 50 day simple moving average is $94.27 and its two-hundred day simple moving average is $93.20. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $87.79 and a 12 month high of $95.59.

About SPDR Bloomberg High Yield Bond ETF

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.