First Western Trust Bank Acquires New Position in SPDR Bloomberg High Yield Bond ETF $JNK

First Western Trust Bank bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,805 shares of the exchange traded fund’s stock, valued at approximately $1,255,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JNK. Clearstead Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 8.5% during the 3rd quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock worth $135,000 after purchasing an additional 108 shares during the period. Apollon Financial LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.5% during the third quarter. Apollon Financial LLC now owns 4,585 shares of the exchange traded fund’s stock worth $449,000 after purchasing an additional 114 shares during the last quarter. Parallel Advisors LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.7% in the third quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $260,000 after purchasing an additional 120 shares during the period. Banque Cantonale Vaudoise increased its stake in SPDR Bloomberg High Yield Bond ETF by 17.5% in the third quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock valued at $80,000 after purchasing an additional 121 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 124 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.2%

NYSEARCA JNK opened at $95.25 on Monday. The business’s 50-day moving average price is $97.30 and its 200 day moving average price is $97.29. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24. The company has a market capitalization of $7.74 billion, a PE 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. Stockholders of record on Monday, March 2nd were paid a dividend of $0.5246 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

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.