HighTower Advisors LLC Has $7.35 Million Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

HighTower Advisors LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 110.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,016 shares of the exchange traded fund’s stock after purchasing an additional 39,338 shares during the period. HighTower Advisors LLC owned about 0.09% of SPDR Bloomberg High Yield Bond ETF worth $7,351,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Strategic Blueprint LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at approximately $215,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 961.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 223,000 shares of the exchange traded fund’s stock valued at $21,691,000 after buying an additional 202,000 shares during the period. Conservest Capital Advisors Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at $203,000. Shilanski & Associates Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.8% during the 2nd quarter. Shilanski & Associates Inc. now owns 100,853 shares of the exchange traded fund’s stock valued at $9,810,000 after acquiring an additional 2,727 shares in the last quarter. Finally, Rossby Financial LCC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2,318.6% in the second quarter. Rossby Financial LCC now owns 17,511 shares of the exchange traded fund’s stock worth $1,703,000 after acquiring an additional 16,787 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

Shares of NYSEARCA:JNK opened at $97.62 on Monday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24. The business has a fifty day simple moving average of $97.45 and a 200 day simple moving average of $97.33.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid 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 of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

About SPDR Bloomberg High Yield Bond ETF

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.