Exchange Traded Concepts LLC Has $18.13 Million Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Exchange Traded Concepts LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 186,467 shares of the exchange traded fund’s stock after acquiring an additional 10,100 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.24% of SPDR Bloomberg High Yield Bond ETF worth $18,126,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at $261,000. Moulton Wealth Management Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $38,544,000. Olistico Wealth LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $36,000. National Wealth Management Group LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $376,000. Finally, Hillcrest Wealth Advisors NY LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 143.6% during the 4th quarter. Hillcrest Wealth Advisors NY LLC now owns 13,395 shares of the exchange traded fund’s stock worth $1,302,000 after buying an additional 7,897 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $94.66 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The company 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 business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders 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 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.