SPDR Bloomberg High Yield Bond ETF $JNK Stake Boosted by Hillcrest Wealth Advisors NY LLC

Hillcrest Wealth Advisors NY LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 143.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,395 shares of the exchange traded fund’s stock after acquiring an additional 7,897 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for approximately 0.6% of Hillcrest Wealth Advisors NY LLC’s investment portfolio, making the stock its 22nd biggest holding. Hillcrest Wealth Advisors NY LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,302,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Auour Investments LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 33.6% during the fourth quarter. Auour Investments LLC now owns 6,689 shares of the exchange traded fund’s stock worth $650,000 after purchasing an additional 1,682 shares during the period. Daymark Wealth Partners LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 45.7% in the 4th quarter. Daymark Wealth Partners LLC now owns 5,103 shares of the exchange traded fund’s stock valued at $496,000 after buying an additional 1,600 shares during the period. Capital CS Group LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.5% during the 4th quarter. Capital CS Group LLC now owns 11,362 shares of the exchange traded fund’s stock valued at $1,104,000 after buying an additional 280 shares during the last quarter. Pacifica Partners Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% during the 4th quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 310 shares during the last quarter. Finally, Somnio Financial Group LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 4.5% during the fourth quarter. Somnio Financial Group LLC now owns 98,640 shares of the exchange traded fund’s stock worth $9,589,000 after acquiring an additional 4,273 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.3%

JNK opened at $95.55 on Thursday. The company’s 50-day moving average price is $96.96 and its 200 day moving average price is $97.19. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.40 and a fifty-two week high of $98.24. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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