Jag Capital Management LLC Cuts Stake in SPDR Bloomberg Barclays High Yield Bond ETF (JNK)

Jag Capital Management LLC lessened its holdings in SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,109 shares of the exchange traded fund’s stock after selling 380 shares during the period. Jag Capital Management LLC’s holdings in SPDR Bloomberg Barclays High Yield Bond ETF were worth $723,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JNK. BlackRock Inc. grew its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 299.4% during the 3rd quarter. BlackRock Inc. now owns 5,523,413 shares of the exchange traded fund’s stock worth $199,119,000 after acquiring an additional 4,140,423 shares in the last quarter. Bluefin Trading LLC acquired a new position in SPDR Bloomberg Barclays High Yield Bond ETF during the 4th quarter worth $99,788,000. Merit Financial Group LLC grew its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 2,108.4% during the 4th quarter. Merit Financial Group LLC now owns 2,134,258 shares of the exchange traded fund’s stock worth $64,844,000 after acquiring an additional 2,037,614 shares in the last quarter. Hsbc Holdings PLC grew its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 68.8% during the 4th quarter. Hsbc Holdings PLC now owns 4,443,208 shares of the exchange traded fund’s stock worth $149,247,000 after acquiring an additional 1,811,465 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 8.4% during the 4th quarter. Bank of America Corp DE now owns 18,046,152 shares of the exchange traded fund’s stock worth $606,170,000 after acquiring an additional 1,394,089 shares in the last quarter.

JNK stock traded down $0.04 during mid-day trading on Monday, hitting $36.18. 8,298,009 shares of the company were exchanged, compared to its average volume of 15,496,838. SPDR Bloomberg Barclays High Yield Bond ETF has a twelve month low of $32.92 and a twelve month high of $36.32.

SPDR Bloomberg Barclays High Yield Bond ETF shares are going to reverse split on the morning of Monday, May 6th. The 1-3 reverse split was announced on Wednesday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 3rd.

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.1687 dividend. This represents a $2.02 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend was Monday, April 1st.

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SPDR Bloomberg Barclays 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.

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Institutional Ownership by Quarter for SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

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