Raleigh Capital Management Inc. Raises Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Raleigh Capital Management Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 66.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,183 shares of the exchange traded fund’s stock after purchasing an additional 13,614 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for 1.3% of Raleigh Capital Management Inc.’s holdings, making the stock its 13th biggest position. Raleigh Capital Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CNO Financial Group Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $10,262,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 15.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 525,455 shares of the exchange traded fund’s stock valued at $51,489,000 after buying an additional 71,153 shares during the last quarter. Chandler Asset Management Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 35.8% in the third quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock worth $25,497,000 after buying an additional 68,660 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $60,000. Finally, Bain Capital Credit LP acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $4,087,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.4%

JNK stock opened at $97.38 on Tuesday. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24. The firm has a 50-day moving average of $97.41 and a two-hundred day moving average of $97.28.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be given a $0.5601 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. This is a boost from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53. The ex-dividend date is Monday, February 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.