SPDR Bloomberg High Yield Bond ETF $JNK Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 99.5% in the 3rd quarter, Holdings Channel reports. The fund owned 29,075 shares of the exchange traded fund’s stock after purchasing an additional 14,500 shares during the period. Federated Hermes Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,849,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JNK. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $60,000. SGL Investment Advisors Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 14.3% in the second quarter. SGL Investment Advisors Inc. now owns 9,007 shares of the exchange traded fund’s stock worth $868,000 after buying an additional 1,125 shares during the last quarter. Somnio Financial Group LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at $8,907,000. TI Trust Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 3.1% in the second quarter. TI Trust Inc. now owns 23,996 shares of the exchange traded fund’s stock valued at $2,334,000 after acquiring an additional 716 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 15.1% during the second quarter. US Bancorp DE now owns 19,410 shares of the exchange traded fund’s stock worth $1,888,000 after purchasing an additional 2,543 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

Shares of NYSEARCA:JNK opened at $97.29 on Wednesday. The company has a market cap of $7.85 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.40 and a fifty-two week high of $98.24. The firm has a 50-day simple moving average of $97.41 and a 200 day simple moving average of $97.28.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

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

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.