Rialto Wealth Management LLC Sells 9,650 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Rialto Wealth Management LLC lowered its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 52.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,737 shares of the exchange traded fund’s stock after selling 9,650 shares during the quarter. Rialto Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in JNK. Key Financial Inc bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $34,000. First Community Trust NA purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $39,000. Trust Co. of Vermont boosted its holdings in 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 valued at $41,000 after purchasing an additional 418 shares during the period. Beacon Capital Management Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $64,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $97.48 on Monday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.24. The company has a market capitalization of $7.92 billion, a PE ratio of 19.96 and a beta of 0.42. The business’s fifty day moving average is $97.41 and its 200 day moving average is $97.30.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.5601 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53.

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.