US Bancorp DE Lowers Stake in SPDR Bloomberg High Yield Bond ETF $JNK

US Bancorp DE reduced its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 37.9% in the third quarter, HoldingsChannel.com reports. The firm owned 12,047 shares of the exchange traded fund’s stock after selling 7,363 shares during the period. US Bancorp DE’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First Community Trust NA bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $39,000. Trust Co. of Vermont boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 41,800.0% in the 3rd quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 418 shares during the period. MAI Capital Management boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 46.8% in the 3rd quarter. MAI Capital Management now owns 527 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 168 shares during the period. Beacon Capital Management Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $52,000. Finally, Fifth Third Bancorp purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $61,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.5%

NYSEARCA:JNK opened at $95.91 on Friday. The business’s 50-day simple moving average is $97.43 and its two-hundred day simple moving average is $97.33. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The stock has a market cap of $7.80 billion, a PE ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.5246 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend 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.