The Traders Buy SPDR Barclays Capital High Yield Bnd ETF (JNK) on Weakness

The Traders Buy SPDR Barclays Capital High Yield Bnd ETF (JNK) on Weakness

Investors bought shares of SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) on weakness during trading on Wednesday. $111.37 million flowed into the stock on the tick-up and $65.72 million flowed out of the stock on the tick-down, for a money net flow of $45.65 million into the stock. Of all companies tracked, SPDR Barclays Capital High Yield Bnd ETF had the 20th highest net in-flow for the day. SPDR Barclays Capital High Yield Bnd ETF traded down ($0.12) for the day and closed at $37.19

The firm has a 50 day moving average price of $37.19 and a 200-day moving average price of $37.12.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, October 3rd were given a dividend of $0.1566 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, October 2nd.

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 15.3% during the second quarter. Wells Fargo & Company MN now owns 14,987,633 shares of the exchange traded fund’s stock worth $557,540,000 after buying an additional 1,991,581 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 6.2% during the second quarter. The Manufacturers Life Insurance Company now owns 13,802,039 shares of the exchange traded fund’s stock worth $513,437,000 after buying an additional 804,038 shares in the last quarter. BTS Asset Management Inc. grew its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 21.2% during the second quarter. BTS Asset Management Inc. now owns 9,718,654 shares of the exchange traded fund’s stock worth $361,524,000 after buying an additional 1,700,143 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 150.9% during the second quarter. JPMorgan Chase & Co. now owns 8,878,965 shares of the exchange traded fund’s stock worth $330,297,000 after buying an additional 5,339,732 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 26.8% during the second quarter. Royal Bank of Canada now owns 8,661,075 shares of the exchange traded fund’s stock worth $322,191,000 after buying an additional 1,829,840 shares in the last quarter.

SPDR Barclays Capital High Yield Bnd ETF Company 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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