Counterpoint Mutual Funds LLC Purchases 105,588 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Counterpoint Mutual Funds LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 22.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 577,955 shares of the exchange traded fund’s stock after acquiring an additional 105,588 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises 4.5% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 3rd biggest holding. Counterpoint Mutual Funds LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $56,634,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Key Financial Inc bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $34,000. First Community Trust NA acquired a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $39,000. Trust Co. of Vermont boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 41,800.0% during the 3rd quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 418 shares in the last quarter. Beacon Capital Management Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $52,000. Finally, Fifth Third Bancorp bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $61,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

Shares of NYSEARCA JNK opened at $97.50 on Tuesday. The firm has a market cap of $7.92 billion, a PE ratio of 19.96 and a beta of 0.42. The company’s fifty day simple moving average is $97.46 and its 200 day simple moving average is $97.34. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month 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. Stockholders of record on Monday, February 2nd were paid a $0.5601 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.9%. This is a boost from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53.

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.