Global View Capital Management LLC Reduces Stock Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Global View Capital Management LLC lowered its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 51.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,602 shares of the exchange traded fund’s stock after selling 12,077 shares during the period. Global View Capital Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,128,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JNK. Clearstead Advisors LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 8.5% in the 3rd quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock worth $135,000 after purchasing an additional 108 shares in the last quarter. Apollon Financial LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.5% in the 3rd quarter. Apollon Financial LLC now owns 4,585 shares of the exchange traded fund’s stock worth $449,000 after purchasing an additional 114 shares during the period. Parallel Advisors LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $260,000 after purchasing an additional 120 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 17.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock valued at $80,000 after purchasing an additional 121 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 124 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $94.66 on Monday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24. The company has a market cap of $7.69 billion, a P/E ratio of 19.96 and a beta of 0.42. The firm has a 50-day moving average of $96.85 and a 200 day moving average of $97.15.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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

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.