Chesapeake Capital Corp IL Invests $1.70 Million in SPDR Bloomberg High Yield Bond ETF $JNK

Chesapeake Capital Corp IL bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,389 shares of the exchange traded fund’s stock, valued at approximately $1,704,000. SPDR Bloomberg High Yield Bond ETF makes up about 1.5% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 6th biggest holding.

Other large investors also recently bought and sold shares of the company. Caitlin John LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $29,000. First Community Trust NA bought a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $39,000. Trust Co. of Vermont grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 41,800.0% in the 3rd quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 418 shares in the last quarter. Beacon Capital Management Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $52,000. Finally, MAI Capital Management increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 46.8% in the 3rd quarter. MAI Capital Management now owns 527 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 168 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.2%

Shares of NYSEARCA JNK opened at $95.25 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24. The firm’s 50-day moving average price is $97.30 and its 200-day moving average price is $97.29. The stock has a market capitalization of $7.74 billion, a price-to-earnings 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. 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 of this dividend was Monday, March 2nd.

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.