Hillcrest Wealth Advisors NY LLC Grows Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Hillcrest Wealth Advisors NY LLC increased its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 143.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,395 shares of the exchange traded fund’s stock after buying an additional 7,897 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises about 0.6% of Hillcrest Wealth Advisors NY LLC’s investment portfolio, making the stock its 22nd largest position. Hillcrest Wealth Advisors NY LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently 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 3rd quarter valued at $29,000. Brown Brothers Harriman & Co. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $35,000. First Community Trust NA bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $39,000. Pacifica Partners Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% in the 4th quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 310 shares in the last quarter. Finally, Trust Co. of Vermont raised its stake in shares of 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 valued at $41,000 after purchasing an additional 418 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $95.55 on Thursday. The stock has a market capitalization of $7.77 billion, a price-to-earnings 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 company’s 50-day simple moving average is $96.96 and its 200-day simple moving average is $97.19.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The company 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) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.