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

Rialto Wealth Management LLC lowered its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 52.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,737 shares of the exchange traded fund’s stock after selling 9,650 shares during the period. Rialto Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $856,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CNO Financial Group Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $10,262,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in 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 purchasing an additional 71,153 shares during the last quarter. Chandler Asset Management Inc. grew its holdings 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 purchasing an additional 68,660 shares during the last quarter. Bain Capital Credit LP bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $4,087,000. Finally, Angel Oak Capital Advisors LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth $3,774,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

NYSEARCA:JNK opened at $97.48 on Monday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 19.96 and a beta of 0.42. The company has a fifty day moving average of $97.41 and a 200 day moving average of $97.30. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.5601 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. This is a positive change from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53. The ex-dividend date of this dividend was Monday, February 2nd.

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.