Counterpoint Mutual Funds LLC Grows Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Counterpoint Mutual Funds LLC increased its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 22.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 577,955 shares of the exchange traded fund’s stock after buying an additional 105,588 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for approximately 4.5% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 3rd largest position. Counterpoint Mutual Funds LLC owned approximately 0.69% of SPDR Bloomberg High Yield Bond ETF worth $56,634,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JNK. Key Financial Inc acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at approximately $34,000. First Community Trust NA bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $39,000. Trust Co. of Vermont grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 41,800.0% in the third quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 418 shares during the last quarter. Beacon Capital Management Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at $52,000. Finally, Fifth Third Bancorp bought a new position in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $61,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

Shares of JNK opened at $97.50 on Tuesday. The company has a market capitalization of $7.92 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24. The stock’s 50-day moving average price is $97.46 and its two-hundred day moving average price is $97.34.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The business 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 an increase from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd.

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.