Global Endowment Management LP Buys 10,000 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Global Endowment Management LP grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 200.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the exchange traded fund’s stock after purchasing an additional 10,000 shares during the quarter. Global Endowment Management LP’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,470,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Caitlin John LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $29,000. First Community Trust NA purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $39,000. Trust Co. of Vermont increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 41,800.0% in the third quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 418 shares in the last quarter. MAI Capital Management lifted its stake in SPDR Bloomberg High Yield Bond ETF by 46.8% during the 3rd quarter. MAI Capital Management now owns 527 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 168 shares during the period. Finally, Beacon Capital Management Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at $52,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA JNK opened at $95.47 on Friday. The company has a 50-day simple moving average of $97.34 and a 200-day simple moving average of $97.31. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24. The company has a market cap of $7.76 billion, a PE ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.5246 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.6%.

SPDR Bloomberg High Yield Bond ETF Company 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.