FormulaFolio Investments LLC Has $48.83 Million Position in SPDR Barclays Capital High Yield Bnd ETF (JNK)

FormulaFolio Investments LLC raised its position in SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) by 19.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,308,379 shares of the exchange traded fund’s stock after acquiring an additional 209,956 shares during the quarter. SPDR Barclays Capital High Yield Bnd ETF makes up about 3.7% of FormulaFolio Investments LLC’s holdings, making the stock its 8th biggest holding. FormulaFolio Investments LLC’s holdings in SPDR Barclays Capital High Yield Bnd ETF were worth $48,829,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its stake in SPDR Barclays Capital High Yield Bnd ETF by 15.3% in 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 acquiring an additional 1,991,581 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in SPDR Barclays Capital High Yield Bnd ETF by 6.2% in 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 acquiring an additional 804,038 shares during the last quarter. BTS Asset Management Inc. lifted its stake in SPDR Barclays Capital High Yield Bnd ETF by 21.2% in 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 acquiring an additional 1,700,143 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SPDR Barclays Capital High Yield Bnd ETF by 150.9% in the second quarter. JPMorgan Chase & Co. now owns 8,878,965 shares of the exchange traded fund’s stock worth $330,297,000 after acquiring an additional 5,339,732 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in SPDR Barclays Capital High Yield Bnd ETF by 26.8% in 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 acquiring an additional 1,829,840 shares during the last quarter.

Shares of SPDR Barclays Capital High Yield Bnd ETF (NYSE JNK) traded up 0.08% on Friday, reaching $37.32. 3,249,468 shares of the company were exchanged. The company has a 50-day moving average price of $37.18 and a 200 day moving average price of $37.10. SPDR Barclays Capital High Yield Bnd ETF has a 1-year low of $35.05 and a 1-year high of $37.46.

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 10th. Investors 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 yield of 5.03%. The ex-dividend date of this dividend was Monday, October 2nd.

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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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Institutional Ownership by Quarter for SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK)

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