Hibernia Wealth Partners LLC Cuts Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Hibernia Wealth Partners LLC lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 47.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,267 shares of the exchange traded fund’s stock after selling 56,794 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for about 4.0% of Hibernia Wealth Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Hibernia Wealth Partners LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $6,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Caitlin John LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $29,000. First Community Trust NA acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $39,000. Trust Co. of Vermont increased its holdings in SPDR Bloomberg High Yield Bond ETF by 41,800.0% during the 3rd quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 418 shares in the last quarter. MAI Capital Management increased its holdings in SPDR Bloomberg High Yield Bond ETF by 46.8% during the 3rd quarter. MAI Capital Management now owns 527 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 168 shares in the last quarter. Finally, Beacon Capital Management Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $52,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $95.91 on Friday. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The stock’s 50-day moving average is $97.43 and its 200-day moving average is $97.33. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given 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 yield of 6.6%.

SPDR Bloomberg High Yield Bond ETF 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.