Investors Buy Shares of SPDR Bloomberg Barclays High Yield Bond ETF (JNK) on Weakness

Investors bought shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) on weakness during trading hours on Monday. $132.65 million flowed into the stock on the tick-up and $81.55 million flowed out of the stock on the tick-down, for a money net flow of $51.10 million into the stock. Of all equities tracked, SPDR Bloomberg Barclays High Yield Bond ETF had the 14th highest net in-flow for the day. SPDR Bloomberg Barclays High Yield Bond ETF traded down ($0.04) for the day and closed at $35.55

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Monday, March 4th will be given a $0.1734 dividend. This represents a $2.08 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Friday, March 1st. This is a boost from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17.

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A number of institutional investors and hedge funds have recently bought and sold shares of JNK. BlackRock Inc. grew its position in shares of 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 buying an additional 4,140,423 shares during the period. Bluefin Trading LLC bought a new position in SPDR Bloomberg Barclays High Yield Bond ETF during the 4th quarter worth approximately $99,788,000. Merit Financial Group LLC boosted its stake 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 during the last quarter. Hsbc Holdings PLC boosted its stake 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 during the last quarter. Finally, United Services Automobile Association boosted its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 43.9% during the 3rd quarter. United Services Automobile Association now owns 4,837,880 shares of the exchange traded fund’s stock worth $174,406,000 after acquiring an additional 1,477,040 shares during the last quarter.

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About SPDR Bloomberg Barclays High Yield Bond ETF (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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