SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC decreased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 47.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 63,267 shares of the exchange traded fund’s stock after selling 56,794 shares during the period. SPDR Bloomberg High Yield Bond ETF makes up 4.0% of Hibernia Wealth Partners LLC’s holdings, making the stock its 7th largest position. Hibernia Wealth Partners LLC owned 0.08% of SPDR Bloomberg High Yield Bond ETF worth $6,199,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in JNK. Gallagher Fiduciary Advisors LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock worth $258,494,000 after purchasing an additional 2,630,378 shares during the period. State Street Corp lifted its stake in SPDR Bloomberg High Yield Bond ETF by 19.9% in the second quarter. State Street Corp now owns 11,085,683 shares of the exchange traded fund’s stock valued at $1,078,304,000 after buying an additional 1,842,852 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $118,767,000. Allstate Corp acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth about $101,224,000. Finally, JPMorgan Chase & Co. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock valued at $143,764,000 after acquiring an additional 865,123 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $95.91 on Friday. The stock has a market cap of $7.80 billion, a PE ratio of 19.96 and a beta of 0.42. The stock has a 50-day moving average of $97.43 and a 200-day moving average of $97.33. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24.

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 paid a $0.5246 dividend. 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 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.