US Bancorp DE Sells 7,363 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

US Bancorp DE decreased its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 37.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,047 shares of the exchange traded fund’s stock after selling 7,363 shares during the quarter. US Bancorp DE’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,181,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. CNO Financial Group Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $10,262,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 15.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 525,455 shares of the exchange traded fund’s stock worth $51,489,000 after purchasing an additional 71,153 shares in the last quarter. Chandler Asset Management Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 35.8% in the 3rd quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock worth $25,497,000 after purchasing an additional 68,660 shares during the period. Citigroup Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 16.3% in the 3rd quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock worth $6,456,000 after purchasing an additional 9,222 shares during the period. Finally, Bain Capital Credit LP purchased a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter valued at $4,087,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $95.91 on Friday. The stock has a 50-day simple moving average of $97.43 and a two-hundred day simple moving average of $97.33. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.24. The firm has a market capitalization of $7.80 billion, a PE ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The business 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. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend 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.