Angel Oak Capital Advisors LLC Makes New $3.77 Million Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Angel Oak Capital Advisors LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 38,800 shares of the exchange traded fund’s stock, valued at approximately $3,774,000. SPDR Bloomberg High Yield Bond ETF comprises approximately 5.3% of Angel Oak Capital Advisors LLC’s investment portfolio, making the stock its 4th biggest holding.

Other large investors have also recently made changes to their positions in the company. Stephenson & Company Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 2.5% in the 2nd quarter. Stephenson & Company Inc. now owns 19,627 shares of the exchange traded fund’s stock worth $1,909,000 after buying an additional 473 shares during the period. Hibernia Wealth Partners LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 99.5% in the 2nd quarter. Hibernia Wealth Partners LLC now owns 120,061 shares of the exchange traded fund’s stock worth $11,679,000 after acquiring an additional 59,878 shares in the last quarter. Chandler Asset Management Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 0.4% in the 2nd quarter. Chandler Asset Management Inc. now owns 191,536 shares of the exchange traded fund’s stock worth $18,631,000 after acquiring an additional 745 shares in the last quarter. CNO Financial Group Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $10,262,000. Finally, Petix & Botte Co bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $202,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $96.60 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.24. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The stock has a 50 day moving average price of $97.43 and a 200 day moving average price of $96.67.

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.