Signal Advisors Wealth LLC Sells 14,250 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Signal Advisors Wealth LLC lowered its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 55.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,307 shares of the exchange traded fund’s stock after selling 14,250 shares during the period. Signal Advisors Wealth LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,099,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Caitlin John LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $29,000. Brown Brothers Harriman & Co. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $35,000. Olistico Wealth LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $36,000. First Community Trust NA bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $39,000. Finally, Pacifica Partners Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% during the fourth quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $94.95 on Friday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.40 and a fifty-two week high of $98.24. The stock has a market capitalization of $7.72 billion, a PE ratio of 19.96 and a beta of 0.42. The business’s 50-day simple moving average is $96.91 and its 200-day simple moving average is $97.17.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The business 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) annualized dividend and a yield of 6.6%. The ex-dividend date 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.