Gerber Kawasaki Wealth & Investment Management Has $32.48 Million Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Gerber Kawasaki Wealth & Investment Management grew its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 60.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 331,428 shares of the exchange traded fund’s stock after purchasing an additional 124,977 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises approximately 1.1% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 27th biggest holding. Gerber Kawasaki Wealth & Investment Management owned about 0.40% of SPDR Bloomberg High Yield Bond ETF worth $32,477,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in JNK. Caitlin John LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at about $29,000. First Community Trust NA bought a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $39,000. Trust Co. of Vermont grew its stake in SPDR Bloomberg High Yield Bond ETF by 41,800.0% during the third 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 last quarter. Beacon Capital Management Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $52,000. Finally, MAI Capital Management increased its holdings 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 worth $52,000 after buying an additional 168 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK opened at $95.91 on Monday. The company has a market capitalization of $7.80 billion, a P/E ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24. The business’s 50 day simple moving average is $97.43 and its 200-day simple moving average is $97.34.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.5246 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.6%.

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.