Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 94.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,970 shares of the exchange traded fund’s stock after purchasing an additional 10,683 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR Bloomberg Barclays High Yield Bond ETF were worth $738,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Private Ocean LLC raised its position in SPDR Bloomberg Barclays High Yield Bond ETF by 17.9% in the fourth quarter. Private Ocean LLC now owns 1,089,092 shares of the exchange traded fund’s stock worth $36,583,000 after acquiring an additional 165,102 shares in the last quarter. NextCapital Advisers Inc. increased its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 56.6% in the 4th quarter. NextCapital Advisers Inc. now owns 882,302 shares of the exchange traded fund’s stock worth $29,592,000 after purchasing an additional 318,774 shares in the last quarter. MPS Loria Financial Planners LLC increased its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 29.0% in the 4th quarter. MPS Loria Financial Planners LLC now owns 15,750 shares of the exchange traded fund’s stock worth $529,000 after purchasing an additional 3,542 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 7.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 462,814 shares of the exchange traded fund’s stock worth $16,684,000 after purchasing an additional 32,498 shares in the last quarter. Finally, BlackRock Inc. increased its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 299.4% in the 3rd quarter. BlackRock Inc. now owns 5,523,413 shares of the exchange traded fund’s stock worth $199,119,000 after purchasing an additional 4,140,423 shares in the last quarter.
Get SPDR Bloomberg Barclays High Yield Bond ETF alerts:Shares of JNK opened at $35.67 on Thursday. SPDR Bloomberg Barclays High Yield Bond ETF has a 1-year low of $32.92 and a 1-year high of $36.32.
The business also recently declared a monthly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, March 4th were paid a $0.1734 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.08 dividend on an annualized basis and a yield of 5.83%. This is a boost from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17.
COPYRIGHT VIOLATION WARNING: This news story was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4219993/spdr-bloomberg-barclays-high-yield-bond-etf-jnk-position-raised-by-mirae-asset-global-investments-co-ltd.html.
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.
Recommended Story: What are the reasons investors use put options?
No comments:
Post a Comment