Canal Capital Management LLC Lowers Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Canal Capital Management LLC trimmed its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,765 shares of the exchange traded fund’s stock after selling 8,433 shares during the period. Canal Capital Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,991,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. State Street Corp grew its position in SPDR Bloomberg High Yield Bond ETF by 14.2% during the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after acquiring an additional 1,577,119 shares during the period. Assetmark Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock worth $537,003,000 after purchasing an additional 414,165 shares during the period. Clark Capital Management Group Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after purchasing an additional 61,514 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock valued at $276,978,000 after purchasing an additional 80,325 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock valued at $258,494,000 after purchasing an additional 2,630,378 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $95.79 on Friday. The stock has a 50-day simple moving average of $97.16 and a 200-day simple moving average of $97.24. The stock has a market capitalization of $7.79 billion, a P/E ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.5246 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date was Monday, March 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.