SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. cut its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,971,615 shares of the exchange traded fund’s stock after selling 191,290 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $192,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Key Financial Inc acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $34,000. First Community Trust NA purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $39,000. Trust Co. of Vermont grew its position in SPDR Bloomberg High Yield Bond ETF by 41,800.0% in the third quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 418 shares in the last quarter. Beacon Capital Management Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $52,000. Finally, MAI Capital Management raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 46.8% during the third quarter. MAI Capital Management now owns 527 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

NYSEARCA JNK opened at $97.48 on Friday. The stock has a market cap of $7.92 billion, a P/E ratio of 19.96 and a beta of 0.42. The company’s fifty day simple moving average is $97.49 and its 200-day simple moving average is $97.35. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.5601 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.9%. This is an increase from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53.

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.