Principal Financial Group Inc. Sells 18,964 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Principal Financial Group Inc. lowered its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 35.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,397 shares of the exchange traded fund’s stock after selling 18,964 shares during the period. Principal Financial Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,371,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CNO Financial Group Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $10,262,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in SPDR Bloomberg High Yield Bond ETF by 15.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 525,455 shares of the exchange traded fund’s stock valued at $51,489,000 after purchasing an additional 71,153 shares in the last quarter. Chandler Asset Management Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 35.8% in the 3rd quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock valued at $25,497,000 after purchasing an additional 68,660 shares during the last quarter. Bain Capital Credit LP bought a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $4,087,000. Finally, Angel Oak Capital Advisors LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the second quarter worth $3,774,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $97.48 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The stock has a market capitalization of $7.92 billion, a PE ratio of 19.96 and a beta of 0.42. The stock’s fifty day moving average is $97.42 and its 200-day moving average is $97.31.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

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

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.