Axxcess Wealth Management LLC Has $1.94 Million Position in SPDR Bloomberg High Yield Bond ETF $JNK

Axxcess Wealth Management LLC lessened its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 53.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,758 shares of the exchange traded fund’s stock after selling 22,469 shares during the period. Axxcess Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,936,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Key Financial Inc bought a new position in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $34,000. First Community Trust NA acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $39,000. Trust Co. of Vermont raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 41,800.0% during the third quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 418 shares during the period. Beacon Capital Management Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $52,000. Finally, Fifth Third Bancorp acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $61,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK opened at $97.55 on Friday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The business’s 50-day moving average price is $97.44 and its two-hundred day moving average price is $97.32. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.5601 dividend. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date was Monday, February 2nd. This is a positive change from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53.

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.