BB&T Investment Services Inc. purchased a new position in SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 234,494 shares of the exchange traded fund’s stock, valued at approximately $8,731,000. SPDR Barclays Capital High Yield Bnd ETF makes up about 2.2% of BB&T Investment Services Inc.’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of JNK. JPMorgan Chase & Co. boosted its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 150.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,878,965 shares of the exchange traded fund’s stock worth $330,297,000 after purchasing an additional 5,339,732 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 199.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 6,264,464 shares of the exchange traded fund’s stock worth $233,037,000 after purchasing an additional 4,173,500 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 15.3% in the 2nd quarter. Wells Fargo & Company MN now owns 14,987,633 shares of the exchange traded fund’s stock worth $557,540,000 after purchasing an additional 1,991,581 shares in the last quarter. Royal Bank of Canada lifted its position in SPDR Barclays Capital High Yield Bnd ETF by 26.8% in the 2nd quarter. Royal Bank of Canada now owns 8,661,075 shares of the exchange traded fund’s stock valued at $322,191,000 after acquiring an additional 1,829,840 shares in the last quarter. Finally, BTS Asset Management Inc. lifted its position in SPDR Barclays Capital High Yield Bnd ETF by 21.2% in the 2nd quarter. BTS Asset Management Inc. now owns 9,718,654 shares of the exchange traded fund’s stock valued at $361,524,000 after acquiring an additional 1,700,143 shares in the last quarter.

TRADEMARK VIOLATION WARNING: This article was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/10/11/bbt-investment-services-inc-purchases-shares-of-234494-spdr-barclays-capital-high-yield-bnd-etf-jnk.html.

SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) traded down 0.05% during trading on Wednesday, reaching $37.22. The company had a trading volume of 784,216 shares. SPDR Barclays Capital High Yield Bnd ETF has a 12-month low of $35.05 and a 12-month high of $37.46. The stock has a 50 day moving average of $37.15 and a 200-day moving average of $37.09.

The company also recently announced a monthly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, October 3rd were paid a $0.1566 dividend. The ex-dividend date was Monday, October 2nd. This represents a $1.88 annualized dividend and a yield of 5.05%.

About SPDR Barclays Capital High Yield Bnd 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.

Want to see what other hedge funds are holding JNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK).

Institutional Ownership by Quarter for SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK)

Receive News & Ratings for SPDR Barclays Capital High Yield Bnd ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Barclays Capital High Yield Bnd ETF and related companies with MarketBeat.com's FREE daily email newsletter.