Axxcess Wealth Management LLC Sells 22,469 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Axxcess Wealth Management LLC cut its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 53.2% during the 3rd quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Key Financial Inc acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $34,000. First Community Trust NA acquired a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $39,000. Trust Co. of Vermont grew its stake in 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 valued at $41,000 after purchasing an additional 418 shares in the last quarter. Beacon Capital Management Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $52,000. Finally, Fifth Third Bancorp acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth approximately $61,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.0%

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $97.55 on Friday. The stock has a market cap of $7.93 billion, a P/E 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 business’s 50 day moving average is $97.44 and its 200-day moving average is $97.32.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders 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 yield of 6.9%. The ex-dividend date 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.