Caldwell Trust Co Takes $1.63 Million Position in SPDR Bloomberg High Yield Bond ETF $JNK

Caldwell Trust Co purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,733 shares of the exchange traded fund’s stock, valued at approximately $1,628,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Key Financial Inc purchased a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $34,000. Truvestments Capital LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% during the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 212 shares during the period. Beacon Capital Management Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at approximately $52,000. Beacon Capital Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at approximately $56,000. Finally, Ameritas Advisory Services LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $60,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

NYSEARCA:JNK opened at $97.07 on Monday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The stock’s fifty day moving average is $97.12 and its two-hundred day moving average is $96.97. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.