Global View Capital Management LLC Sells 12,077 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Global View Capital Management LLC lessened its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 51.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,602 shares of the exchange traded fund’s stock after selling 12,077 shares during the quarter. Global View Capital Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in SPDR Bloomberg High Yield Bond ETF by 15.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 525,455 shares of the exchange traded fund’s stock worth $51,489,000 after acquiring an additional 71,153 shares during the last quarter. Chandler Asset Management Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 35.8% during the third quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock valued at $25,497,000 after acquiring an additional 68,660 shares during the last quarter. Citigroup Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 16.3% during the third quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock valued at $6,456,000 after acquiring an additional 9,222 shares during the last quarter. Bain Capital Credit LP purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $4,087,000. Finally, Forefront Wealth Partners LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $1,261,000. 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 Monday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24. The stock has a market capitalization of $7.69 billion, a PE ratio of 19.96 and a beta of 0.42. The business’s 50-day moving average is $96.85 and its 200 day moving average is $97.15.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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

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.