SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.6% in the fourth quarter, HoldingsChannel reports. The firm owned 140,915 shares of the exchange traded fund’s stock after selling 16,705 shares during the period. Park Avenue Securities LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $13,698,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Triumph Capital Management acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $144,000. Somnio Financial Group LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.0% in the third quarter. Somnio Financial Group LLC now owns 94,367 shares of the exchange traded fund’s stock worth $9,247,000 after acquiring an additional 2,793 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 69.2% in the third quarter. CIBC Private Wealth Group LLC now owns 3,214 shares of the exchange traded fund’s stock worth $315,000 after acquiring an additional 1,314 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $315,000. Finally, Aspire Private Capital LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 61.3% in the third quarter. Aspire Private Capital LLC now owns 62,711 shares of the exchange traded fund’s stock valued at $6,145,000 after acquiring an additional 23,831 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.9%

JNK opened at $94.95 on Friday. The firm has a market cap of $7.72 billion, a P/E ratio of 19.96 and a beta of 0.42. The business’s fifty day simple moving average is $97.10 and its 200 day simple moving average is $97.23. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.5246 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, March 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.