Cavalier Investments LLC Invests $3.08 Million in SPDR Bloomberg Barclays High Yield Bond ETF (JNK) Stock

Cavalier Investments LLC purchased a new stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 85,719 shares of the exchange traded fund’s stock, valued at approximately $3,083,000. SPDR Bloomberg Barclays High Yield Bond ETF makes up about 1.3% of Cavalier Investments LLC’s investment portfolio, making the stock its 16th largest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bluefin Trading LLC acquired a new stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 4th quarter valued at $99,788,000. Merit Financial Group LLC increased its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 2,108.4% in the 4th quarter. Merit Financial Group LLC now owns 2,134,258 shares of the exchange traded fund’s stock valued at $64,844,000 after buying an additional 2,037,614 shares during the period. Hsbc Holdings PLC increased its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 68.8% in the 4th quarter. Hsbc Holdings PLC now owns 4,443,208 shares of the exchange traded fund’s stock valued at $149,247,000 after buying an additional 1,811,465 shares during the period. BlackRock Inc. increased its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 26.7% in the 4th quarter. BlackRock Inc. now owns 7,000,827 shares of the exchange traded fund’s stock valued at $235,158,000 after buying an additional 1,477,414 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 8.4% in the 4th quarter. Bank of America Corp DE now owns 18,046,152 shares of the exchange traded fund’s stock valued at $606,170,000 after buying an additional 1,394,089 shares during the period.

NYSEARCA JNK opened at $107.50 on Friday. SPDR Bloomberg Barclays High Yield Bond ETF has a 52 week low of $98.76 and a 52 week high of $108.87.

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.1708 dividend. This is a boost from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17. This represents a $2.05 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Wednesday, May 1st.

COPYRIGHT VIOLATION WARNING: “Cavalier Investments LLC Invests $3.08 Million in SPDR Bloomberg Barclays High Yield Bond ETF (JNK) Stock” was originally posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/10/cavalier-investments-llc-invests-3-08-million-in-spdr-bloomberg-barclays-high-yield-bond-etf-jnk-stock.html.

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.

Featured Article: How do taxes affect a CDs total return?

Want to see what other hedge funds are holding JNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK).

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

Receive News & Ratings for SPDR Bloomberg Barclays High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg Barclays High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.