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

Advisors Preferred LLC decreased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 36.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,009 shares of the exchange traded fund’s stock after selling 16,314 shares during the quarter. Advisors Preferred LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,832,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Gallagher Fiduciary Advisors LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 9,700.8% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock worth $258,494,000 after acquiring an additional 2,630,378 shares during the period. State Street Corp grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 19.9% during the 2nd quarter. State Street Corp now owns 11,085,683 shares of the exchange traded fund’s stock valued at $1,078,304,000 after purchasing an additional 1,842,852 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth $118,767,000. Allstate Corp purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $101,224,000. Finally, JPMorgan Chase & Co. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% in the third quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after buying an additional 865,123 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

SPDR Bloomberg High Yield Bond ETF stock opened at $97.62 on Friday. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The business has a 50-day simple moving average of $97.45 and a 200 day simple moving average of $97.33. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.5601 per share. The ex-dividend date of this dividend was Monday, February 2nd. 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%.

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.