SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC cut its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,001 shares of the exchange traded fund’s stock after selling 8,408 shares during the period. CoreCap Advisors LLC owned approximately 0.05% of SPDR Bloomberg High Yield Bond ETF worth $3,986,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JNK. Caitlin John LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $35,000. Olistico Wealth LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $36,000. First Community Trust NA purchased a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth $39,000. Finally, Pacifica Partners Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 310.0% in the 4th quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $94.66 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $90.40 and a 1-year high of $98.24. The firm has a market cap of $7.69 billion, a PE ratio of 19.96 and a beta of 0.42. The firm has a 50 day simple moving average of $96.85 and a 200-day simple moving average of $97.15.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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

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.