Moulton Wealth Management Inc. Purchases New Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Moulton Wealth Management Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 396,498 shares of the exchange traded fund’s stock, valued at approximately $38,544,000. SPDR Bloomberg High Yield Bond ETF makes up 26.7% of Moulton Wealth Management Inc.’s portfolio, making the stock its biggest holding. Moulton Wealth Management Inc. owned about 0.50% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in 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. lifted its stake in shares of 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 valued at $25,497,000 after purchasing an additional 68,660 shares during the last quarter. Citigroup Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 16.3% in the third quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock valued at $6,456,000 after buying an additional 9,222 shares during the last quarter. Bain Capital Credit LP acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth approximately $4,087,000. Finally, Forefront Wealth Partners LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $1,261,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $94.95 on Friday. The business has a 50-day moving average of $96.91 and a 200 day moving average of $97.17. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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 paid a $0.5246 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend 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.