Advisors Preferred LLC Sells 16,314 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Advisors Preferred LLC cut its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 36.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,009 shares of the exchange traded fund’s stock after selling 16,314 shares during the period. Advisors Preferred LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of JNK. CNO Financial Group Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $10,262,000. 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 valued at $51,489,000 after buying an additional 71,153 shares in the last quarter. Chandler Asset Management Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 35.8% during the 3rd quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock worth $25,497,000 after buying an additional 68,660 shares during the period. Bain Capital Credit LP acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth $4,087,000. Finally, Angel Oak Capital Advisors LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $3,774,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $97.62 on Friday. 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 company’s 50 day moving average price is $97.45 and its two-hundred day moving average price is $97.33. The firm has a market capitalization of $7.93 billion, a P/E ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

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

About SPDR Bloomberg High Yield Bond ETF

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.