SPDR Bloomberg High Yield Bond ETF $JNK is Ocean Park Asset Management LLC’s 3rd Largest Position

Ocean Park Asset Management LLC lowered its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,906,424 shares of the exchange traded fund’s stock after selling 184,100 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises 8.7% of Ocean Park Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Ocean Park Asset Management LLC owned 2.43% of SPDR Bloomberg High Yield Bond ETF worth $185,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in JNK. State Street Corp boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% in the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after purchasing an additional 1,577,119 shares during the period. Assetmark Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,480,185 shares of the exchange traded fund’s stock worth $537,003,000 after buying an additional 414,165 shares during the period. Clark Capital Management Group Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 1.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after buying an additional 61,514 shares during the period. Envestnet Asset Management Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock valued at $276,978,000 after acquiring an additional 80,325 shares during the period. Finally, Gallagher Fiduciary Advisors LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock valued at $258,494,000 after acquiring an additional 2,630,378 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $94.66 on Monday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24. The stock has a 50-day moving average price of $96.85 and a 200 day moving average price of $97.15. The stock has a market capitalization of $7.69 billion, a P/E ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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