Investors Sell Shares of SPDR Bloomberg Barclays High Yield Bond ETF (JNK) on Strength (JNK)

Traders sold shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) on strength during trading on Tuesday. $36.32 million flowed into the stock on the tick-up and $119.69 million flowed out of the stock on the tick-down, for a money net flow of $83.37 million out of the stock. Of all companies tracked, SPDR Bloomberg Barclays High Yield Bond ETF had the 24th highest net out-flow for the day. SPDR Bloomberg Barclays High Yield Bond ETF traded up $0.07 for the day and closed at $35.57

The company also recently announced a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were given a dividend of $0.1734 per share. The ex-dividend date was Friday, March 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.85%. This is a boost from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 8.4% during the fourth quarter. Bank of America Corp DE now owns 18,046,152 shares of the exchange traded fund’s stock worth $606,170,000 after purchasing an additional 1,394,089 shares in the last quarter. Assetmark Inc. increased its position in SPDR Bloomberg Barclays High Yield Bond ETF by 9.3% in the 3rd quarter. Assetmark Inc. now owns 7,472,693 shares of the exchange traded fund’s stock valued at $269,391,000 after acquiring an additional 637,248 shares during the period. BlackRock Inc. increased its position in SPDR Bloomberg Barclays High Yield Bond ETF by 26.7% in the 4th quarter. BlackRock Inc. now owns 7,000,827 shares of the exchange traded fund’s stock valued at $235,158,000 after acquiring an additional 1,477,414 shares during the period. JPMorgan Chase & Co. increased its position in SPDR Bloomberg Barclays High Yield Bond ETF by 18.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,143,289 shares of the exchange traded fund’s stock valued at $221,466,000 after acquiring an additional 938,559 shares during the period. Finally, United Services Automobile Association increased its position in SPDR Bloomberg Barclays High Yield Bond ETF by 43.9% in the 3rd quarter. United Services Automobile Association now owns 4,837,880 shares of the exchange traded fund’s stock valued at $174,406,000 after acquiring an additional 1,477,040 shares during the period.

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SPDR Bloomberg Barclays High Yield Bond ETF Company Profile (NYSEARCA:JNK)

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.

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