Garner Asset Management Corp Buys 8,810 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Garner Asset Management Corp grew its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 75.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,440 shares of the exchange traded fund’s stock after buying an additional 8,810 shares during the period. Garner Asset Management Corp’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,021,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Apollon Financial LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.5% in the third quarter. Apollon Financial LLC now owns 4,585 shares of the exchange traded fund’s stock worth $449,000 after purchasing an additional 114 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 124 shares in the last quarter. Intergy Private Wealth LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.5% in the third quarter. Intergy Private Wealth LLC now owns 3,084 shares of the exchange traded fund’s stock worth $302,000 after acquiring an additional 134 shares during the period. Capital CS Group LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.3% during the third quarter. Capital CS Group LLC now owns 11,082 shares of the exchange traded fund’s stock worth $1,086,000 after purchasing an additional 143 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 8.6% during the third quarter. TD Waterhouse Canada Inc. now owns 1,891 shares of the exchange traded fund’s stock worth $185,000 after purchasing an additional 150 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

NYSEARCA JNK opened at $97.62 on Friday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24. The stock has a market cap of $7.93 billion, a PE ratio of 19.96 and a beta of 0.42. The stock’s 50 day moving average is $97.45 and its 200 day moving average is $97.32.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.5601 per share. This is a positive change from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Monday, February 2nd.

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.