Steel Peak Wealth Management LLC Acquires New Stake in SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

Steel Peak Wealth Management LLC acquired a new stake in SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,529 shares of the exchange traded fund’s stock, valued at approximately $606,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lakeview Capital Partners LLC acquired a new stake in SPDR Bloomberg Barclays High Yield Bond ETF in the fourth quarter valued at $29,000. Samalin Investment Counsel LLC bought a new stake in SPDR Bloomberg Barclays High Yield Bond ETF during the fourth quarter valued at $34,000. Wealthcare Advisory Partners LLC boosted its position in SPDR Bloomberg Barclays High Yield Bond ETF by 77.7% during the third quarter. Wealthcare Advisory Partners LLC now owns 366 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 160 shares during the last quarter. Garrett Wealth Advisory Group LLC bought a new stake in SPDR Bloomberg Barclays High Yield Bond ETF during the third quarter valued at $57,000. Finally, Atticus Wealth Management LLC bought a new stake in SPDR Bloomberg Barclays High Yield Bond ETF during the fourth quarter valued at $57,000.

JNK traded up $0.05 during trading on Friday, reaching $110.16. 412,850 shares of the stock traded hands, compared to its average volume of 6,527,146. The stock’s 50-day moving average is $109.70 and its 200 day moving average is $108.71. SPDR Bloomberg Barclays High Yield Bond ETF has a 12 month low of $105.55 and a 12 month high of $110.33.

The company also recently declared a monthly dividend, which was paid on Friday, February 7th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.4684 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $5.62 dividend on an annualized basis and a yield of 5.10%.

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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