Arrowpoint Investment Partners Singapore Pte. Ltd. Invests $1.05 Million in SPDR Bloomberg High Yield Bond ETF $JNK

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,700 shares of the exchange traded fund’s stock, valued at approximately $1,048,000. SPDR Bloomberg High Yield Bond ETF accounts for about 1.0% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings, making the stock its 26th largest position.

Other hedge funds have also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $35,000. First Community Trust NA acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $39,000. Trust Co. of Vermont grew its stake in SPDR Bloomberg High Yield Bond ETF by 41,800.0% in 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 in the last quarter. Finally, Beacon Capital Management Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth about $52,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK opened at $95.25 on Friday. The company has a market capitalization of $7.74 billion, a PE ratio of 19.96 and a beta of 0.42. 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 business has a 50-day moving average of $97.30 and a 200-day moving average of $97.29.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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