MD Financial Management Inc. increased its position in SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,982,693 shares of the exchange traded fund’s stock after purchasing an additional 259,078 shares during the quarter. SPDR Bloomberg Barclays High Yield Bond ETF makes up 4.9% of MD Financial Management Inc.’s portfolio, making the stock its 7th biggest position. MD Financial Management Inc. owned 1.32% of SPDR Bloomberg Barclays High Yield Bond ETF worth $107,526,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Polaris Greystone Financial Group LLC increased its position in SPDR Bloomberg Barclays High Yield Bond ETF by 169.0% in the third quarter. Polaris Greystone Financial Group LLC now owns 2,881 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 1,810 shares during the period. Bedel Financial Consulting Inc. grew its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 111.9% during the 3rd quarter. Bedel Financial Consulting Inc. now owns 3,941 shares of the exchange traded fund’s stock worth $140,000 after buying an additional 2,081 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the 2nd quarter worth about $144,000. Ruggie Capital Group acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the 2nd quarter worth about $148,000. Finally, Schroder Investment Management Group acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the 2nd quarter worth about $215,000.

SPDR Bloomberg Barclays High Yield Bond ETF stock opened at $34.57 on Tuesday. SPDR Bloomberg Barclays High Yield Bond ETF has a 1 year low of $34.49 and a 1 year high of $37.05.

The business also recently announced a monthly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, November 2nd were given a dividend of $0.1688 per share. The ex-dividend date was Thursday, November 1st. This represents a $2.03 annualized dividend and a dividend yield of 5.86%.

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SPDR Bloomberg Barclays High Yield Bond ETF Company 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.

Further Reading: Quiet Period

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Institutional Ownership by Quarter for SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

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