SPDR Bloomberg High Yield Bond ETF $JNK Stake Lessened by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC cut its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,900 shares of the exchange traded fund’s stock after selling 64,000 shares during the period. Capitolis Liquid Global Markets LLC owned 0.32% of SPDR Bloomberg High Yield Bond ETF worth $26,643,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gallagher Fiduciary Advisors LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock worth $258,494,000 after purchasing an additional 2,630,378 shares during the last quarter. State Street Corp raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 19.9% in the 2nd quarter. State Street Corp now owns 11,085,683 shares of the exchange traded fund’s stock valued at $1,078,304,000 after purchasing an additional 1,842,852 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $118,767,000. Allstate Corp bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $101,224,000. Finally, JPMorgan Chase & Co. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 143.7% during the third quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after purchasing an additional 865,123 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $95.25 on Friday. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24. The stock has a 50-day simple moving average of $97.30 and a 200 day simple moving average of $97.29.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The company also recently announced 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.

About SPDR Bloomberg High Yield Bond ETF

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.