Investors Sell Shares of SPDR Bloomberg Barclays High Yield Bond ETF (JNK) on Strength (JNK)

Share on StockTwits

Traders sold shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) on strength during trading hours on Wednesday. $53.12 million flowed into the stock on the tick-up and $93.69 million flowed out of the stock on the tick-down, for a money net flow of $40.57 million out of the stock. Of all equities tracked, SPDR Bloomberg Barclays High Yield Bond ETF had the 0th highest net out-flow for the day. SPDR Bloomberg Barclays High Yield Bond ETF traded up $0.12 for the day and closed at $35.83

The firm also recently declared a monthly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, March 4th were paid a dividend of $0.1734 per share. This is a positive change from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend was Friday, March 1st.

Hedge funds have recently modified their holdings of the stock. Private Ocean LLC raised its position in SPDR Bloomberg Barclays High Yield Bond ETF by 17.9% during the 4th quarter. Private Ocean LLC now owns 1,089,092 shares of the exchange traded fund’s stock valued at $36,583,000 after purchasing an additional 165,102 shares in the last quarter. NextCapital Advisers Inc. raised its position in SPDR Bloomberg Barclays High Yield Bond ETF by 56.6% during the 4th quarter. NextCapital Advisers Inc. now owns 882,302 shares of the exchange traded fund’s stock valued at $29,592,000 after purchasing an additional 318,774 shares in the last quarter. MPS Loria Financial Planners LLC raised its position in SPDR Bloomberg Barclays High Yield Bond ETF by 29.0% during the 4th quarter. MPS Loria Financial Planners LLC now owns 15,750 shares of the exchange traded fund’s stock valued at $529,000 after purchasing an additional 3,542 shares in the last quarter. GenTrust LLC raised its position in SPDR Bloomberg Barclays High Yield Bond ETF by 56.1% during the 3rd quarter. GenTrust LLC now owns 71,507 shares of the exchange traded fund’s stock valued at $2,586,000 after purchasing an additional 25,689 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in SPDR Bloomberg Barclays High Yield Bond ETF during the 3rd quarter valued at $259,000.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Week Herald and is owned by of Week Herald. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://weekherald.com/2019/03/22/investors-sell-shares-of-spdr-bloomberg-barclays-high-yield-bond-etf-jnk-on-strength-jnk-2.html.

SPDR Bloomberg Barclays High Yield Bond ETF Company Profile (NYSEARCA:JNK)

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.

Recommended Story: What are the components of an earnings report?

Receive News & Ratings for SPDR Bloomberg Barclays High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg Barclays High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.