CIBC Asset Management Inc Has $13.50 Million Holdings in SPDR Bloomberg Barclays High Yield Bond ETF (JNK)

CIBC Asset Management Inc boosted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 130.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375,210 shares of the exchange traded fund’s stock after buying an additional 212,585 shares during the period. CIBC Asset Management Inc owned 0.14% of SPDR Bloomberg Barclays High Yield Bond ETF worth $13,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC increased its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 13.6% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,665 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 320 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 1.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,393 shares of the exchange traded fund’s stock worth $685,000 after purchasing an additional 325 shares in the last quarter. G&S Capital LLC increased its position 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 valued at $50,000 after acquiring an additional 326 shares during the period. Bruderman Asset Management LLC increased its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 27.2% in the 4th quarter. Bruderman Asset Management LLC now owns 1,588 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 340 shares during the period. Finally, Ford Financial Group Inc. increased its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 1.5% in the 1st quarter. Ford Financial Group Inc. now owns 25,894 shares of the exchange traded fund’s stock valued at $931,000 after acquiring an additional 380 shares during the period.

NYSEARCA JNK opened at $106.83 on Tuesday. SPDR Bloomberg Barclays High Yield Bond ETF has a 1 year low of $98.76 and a 1 year high of $108.87.

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were given a $0.1708 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.92%. 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 was Wednesday, May 1st.

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SPDR Bloomberg Barclays High Yield Bond 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.

Further Reading: Fundamental Analysis – How It Helps Investors

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

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