Assetmark Inc. Boosts Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Assetmark Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,480,185 shares of the exchange traded fund’s stock after purchasing an additional 414,165 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises about 1.2% of Assetmark Inc.’s holdings, making the stock its 18th largest position. Assetmark Inc. owned 6.55% of SPDR Bloomberg High Yield Bond ETF worth $537,003,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Key Financial Inc purchased a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $34,000. First Community Trust NA purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $39,000. Trust Co. of Vermont lifted its position in SPDR Bloomberg High Yield Bond ETF by 41,800.0% during the third quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 418 shares during the last quarter. Beacon Capital Management Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth approximately $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $64,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $97.37 on Friday. 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 stock has a market cap of $7.91 billion, a P/E ratio of 19.96 and a beta of 0.42. The firm’s fifty day moving average price is $97.41 and its 200-day moving average price is $97.30.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

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

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.