Investors Buy Shares of SPDR Bloomberg Barclays High Yield Bond ETF (JNK) on Weakness

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Traders bought shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) on weakness during trading on Thursday. $207.43 million flowed into the stock on the tick-up and $115.40 million flowed out of the stock on the tick-down, for a money net flow of $92.03 million into the stock. Of all stocks tracked, SPDR Bloomberg Barclays High Yield Bond ETF had the 20th highest net in-flow for the day. SPDR Bloomberg Barclays High Yield Bond ETF traded down ($0.15) for the day and closed at $34.48

The company also recently disclosed a monthly dividend, which was paid on Friday, December 7th. Investors of record on Tuesday, December 4th were given a $0.1654 dividend. The ex-dividend date was Monday, December 3rd. This represents a $1.98 dividend on an annualized basis and a yield of 5.76%.

A number of large investors have recently made changes to their positions in the stock. Marshall Wace LLP lifted its position in SPDR Bloomberg Barclays High Yield Bond ETF by 97.4% in the third quarter. Marshall Wace LLP now owns 185,056 shares of the exchange traded fund’s stock valued at $6,671,000 after purchasing an additional 91,306 shares during the period. Belpointe Asset Management LLC acquired a new stake in SPDR Bloomberg Barclays High Yield Bond ETF in the third quarter valued at about $310,000. Neuberger Berman Group LLC lifted its position in SPDR Bloomberg Barclays High Yield Bond ETF by 6.6% in the third quarter. Neuberger Berman Group LLC now owns 1,554,530 shares of the exchange traded fund’s stock valued at $56,041,000 after purchasing an additional 95,988 shares during the period. Koshinski Asset Management Inc. lifted its position in SPDR Bloomberg Barclays High Yield Bond ETF by 113.5% in the third quarter. Koshinski Asset Management Inc. now owns 71,371 shares of the exchange traded fund’s stock valued at $2,573,000 after purchasing an additional 37,935 shares during the period. Finally, Wunderlich Capital Managemnt acquired a new stake in SPDR Bloomberg Barclays High Yield Bond ETF in the third quarter valued at about $104,000.

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About SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

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.

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