Phillips Financial Management LLC Cuts Position in SPDR Bloomberg Barclays High Yield Bond ETF (JNK)

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Phillips Financial Management LLC reduced its position in SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 124,959 shares of the exchange traded fund’s stock after selling 1,066 shares during the period. SPDR Bloomberg Barclays High Yield Bond ETF accounts for about 0.9% of Phillips Financial Management LLC’s holdings, making the stock its 26th largest holding. Phillips Financial Management LLC’s holdings in SPDR Bloomberg Barclays High Yield Bond ETF were worth $4,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & Co. LLC purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 4th quarter worth $25,000. Osborn Williams & Donohoe LLC acquired a new stake in SPDR Bloomberg Barclays High Yield Bond ETF in the 1st quarter valued at $26,000. Riggs Asset Managment Co. Inc. increased its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 5,000.0% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 867 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 850 shares in the last quarter. Essex Savings Bank acquired a new stake in SPDR Bloomberg Barclays High Yield Bond ETF in the 4th quarter valued at $33,000. Finally, ERTS Wealth Advisors LLC acquired a new stake in SPDR Bloomberg Barclays High Yield Bond ETF in the 4th quarter valued at $38,000.

NYSEARCA JNK traded down $0.15 during trading hours on Friday, hitting $107.28. The company had a trading volume of 90,301 shares, compared to its average volume of 5,233,274. SPDR Bloomberg Barclays High Yield Bond ETF has a fifty-two week low of $98.76 and a fifty-two week high of $108.87.

The business also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were issued a $0.1708 dividend. This is an increase from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17. This represents a $2.05 annualized dividend and a yield of 1.91%. The ex-dividend date was Wednesday, May 1st.

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About SPDR Bloomberg Barclays 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.

Read More: 52-Week High/Low Prices For Stock Selection

Want to see what other hedge funds are holding JNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK).

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

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