Global Endowment Management LP Has $1.47 Million Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Global Endowment Management LP boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 200.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

A number of other institutional investors and 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 in the 2nd quarter worth approximately $10,262,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 15.7% in the 3rd 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 acquiring an additional 71,153 shares in the last quarter. Chandler Asset Management Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 35.8% during the third quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock worth $25,497,000 after acquiring an additional 68,660 shares during the period. Citigroup Inc. grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 16.3% during the 3rd quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock worth $6,456,000 after purchasing an additional 9,222 shares in the last quarter. Finally, Bain Capital Credit LP acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $4,087,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.7%

NYSEARCA:JNK opened at $95.47 on Friday. The company has a market cap of $7.76 billion, a P/E ratio of 19.96 and a beta of 0.42. The business has a 50 day moving average price of $97.34 and a two-hundred day moving average price of $97.31. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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

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.