SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC trimmed its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,001 shares of the exchange traded fund’s stock after selling 8,408 shares during the period. CoreCap Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,986,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitlin John LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $29,000. Brown Brothers Harriman & Co. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $35,000. Olistico Wealth LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $36,000. First Community Trust NA bought a new position in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $39,000. Finally, Pacifica Partners Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% in the fourth quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 310 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.3%

Shares of NYSEARCA JNK opened at $94.66 on Friday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.40 and a fifty-two week high of $98.24. The stock has a market cap of $7.69 billion, a P/E ratio of 19.96 and a beta of 0.42. The firm’s 50-day simple moving average is $96.85 and its 200 day simple moving average is $97.15.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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

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.