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Traders purchased 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 stocks 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 firm also recently announced a monthly dividend, which will be paid on Thursday, March 7th. Investors of record on Monday, March 4th will be paid a dividend of $0.1734 per share. This represents a $2.08 annualized dividend and a yield of 5.85%. This is an increase from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 1st.
Hedge funds have recently made changes to their positions in the stock. Bartlett & Co. LLC purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the fourth quarter worth about $25,000. Essex Savings Bank acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the 4th quarter valued at $33,000. ERTS Wealth Advisors LLC bought a new stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 4th quarter worth about $38,000. Sound Income Strategies LLC lifted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 37.5% in the 4th quarter. Sound Income Strategies LLC now owns 1,209 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 330 shares during the period. Finally, G&S Capital LLC lifted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 27.8% in the 4th quarter. G&S Capital LLC now owns 1,498 shares of the exchange traded fund’s stock worth $50,000 after acquiring an additional 326 shares during the period.
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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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