SPDR Bloomberg High Yield Bond ETF $JNK Shares Acquired by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 66.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,183 shares of the exchange traded fund’s stock after acquiring an additional 13,614 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for approximately 1.3% of Raleigh Capital Management Inc.’s portfolio, making the stock its 13th biggest position. Raleigh Capital Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,350,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. First Citizens Asset Management Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 34.1% during the third quarter. First Citizens Asset Management Inc. now owns 5,353 shares of the exchange traded fund’s stock worth $525,000 after purchasing an additional 1,362 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 7.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,124 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 377 shares during the period. Meridian Wealth Management LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 8.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 9,570 shares of the exchange traded fund’s stock valued at $938,000 after buying an additional 723 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 57.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 8,767 shares of the exchange traded fund’s stock worth $859,000 after buying an additional 3,200 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 32.7% during the 3rd quarter. AE Wealth Management LLC now owns 12,756 shares of the exchange traded fund’s stock valued at $1,250,000 after buying an additional 3,144 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK opened at $97.38 on Tuesday. The stock has a market capitalization of $7.86 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 business’s 50 day moving average price is $97.41 and its 200 day moving average price is $97.28.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.5601 per share. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. This is a boost from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53.

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.