Pacific Asset Management LLC Cuts Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Pacific Asset Management LLC reduced its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 37.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the exchange traded fund’s stock after selling 149,502 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for approximately 14.7% of Pacific Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Pacific Asset Management LLC owned approximately 0.31% of SPDR Bloomberg High Yield Bond ETF worth $24,498,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JNK. Creative Planning boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 136.0% during the 3rd quarter. Creative Planning now owns 10,401 shares of the exchange traded fund’s stock valued at $1,019,000 after purchasing an additional 5,993 shares in the last quarter. Ancora Advisors LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 10,200.0% during the third quarter. Ancora Advisors LLC now owns 515 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 510 shares during the period. Cardiff Park Advisors LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter worth approximately $344,000. Equitable Holdings Inc. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 8.0% in the third quarter. Equitable Holdings Inc. now owns 164,741 shares of the exchange traded fund’s stock worth $16,143,000 after purchasing an additional 12,160 shares in the last quarter. Finally, Man Group plc lifted its stake in SPDR Bloomberg High Yield Bond ETF by 7.5% in the third quarter. Man Group plc now owns 1,195,264 shares of the exchange traded fund’s stock valued at $117,124,000 after buying an additional 83,762 shares during the period. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $95.25 on Friday. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.24. The stock’s 50 day moving average price is $97.30 and its two-hundred day moving average price is $97.29.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.5246 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Monday, March 2nd.

SPDR Bloomberg 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.