Exchange Traded Concepts LLC Has $18.13 Million Position in SPDR Bloomberg High Yield Bond ETF $JNK

Exchange Traded Concepts LLC boosted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,467 shares of the exchange traded fund’s stock after purchasing an additional 10,100 shares during the quarter. Exchange Traded Concepts LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $18,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitlin John LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $29,000. Brown Brothers Harriman & Co. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $35,000. Olistico Wealth LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $36,000. First Community Trust NA acquired a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $39,000. Finally, Pacifica Partners Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 310.0% in the 4th 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 last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $94.66 on Friday. The company has a market cap of $7.69 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24. 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 company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.5246 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.6%.

SPDR Bloomberg High Yield Bond ETF Company 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.