Foundations Investment Advisors LLC Boosts Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Foundations Investment Advisors LLC lifted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 115.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,567 shares of the exchange traded fund’s stock after purchasing an additional 2,987 shares during the quarter. Foundations Investment Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Angel Oak Capital Advisors LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $3,774,000. Stephenson & Company Inc. increased its holdings in shares of 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 valued at $1,909,000 after acquiring an additional 473 shares during the period. Hibernia Wealth Partners LLC raised its position 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 valued at $11,679,000 after purchasing an additional 59,878 shares during the last quarter. Chandler Asset Management Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 0.4% during the 2nd quarter. Chandler Asset Management Inc. now owns 191,536 shares of the exchange traded fund’s stock worth $18,631,000 after purchasing an additional 745 shares during the period. Finally, CNO Financial Group Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $10,262,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $96.41 on Wednesday. The firm has a market cap of $8.07 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24. The firm’s fifty day moving average is $97.37 and its two-hundred day moving average is $96.73.

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.