396,498 Shares in SPDR Bloomberg High Yield Bond ETF $JNK Bought by Moulton Wealth Management Inc.

Moulton Wealth Management Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the fourth quarter, HoldingsChannel reports. The firm acquired 396,498 shares of the exchange traded fund’s stock, valued at approximately $38,544,000. SPDR Bloomberg High Yield Bond ETF comprises about 26.7% of Moulton Wealth Management Inc.’s investment portfolio, making the stock its largest holding.

A number of other hedge funds have also recently modified their holdings of the stock. Olistico Wealth LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $36,000. National Wealth Management Group LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $376,000. Hillcrest Wealth Advisors NY LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 143.6% during the fourth quarter. Hillcrest Wealth Advisors NY LLC now owns 13,395 shares of the exchange traded fund’s stock worth $1,302,000 after purchasing an additional 7,897 shares during the last quarter. Auour Investments LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 33.6% during the fourth quarter. Auour Investments LLC now owns 6,689 shares of the exchange traded fund’s stock worth $650,000 after purchasing an additional 1,682 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 45.7% during the fourth quarter. Daymark Wealth Partners LLC now owns 5,103 shares of the exchange traded fund’s stock worth $496,000 after purchasing an additional 1,600 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 Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $94.95 on Friday. The company has a market capitalization of $7.72 billion, a P/E ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.40 and a fifty-two week high of $98.24. The stock has a 50-day simple moving average of $96.91 and a 200-day simple moving average of $97.17.

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) annualized dividend 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.