Pinnacle Wealth Planning Services Inc. Has $1.21 Million Holdings in SPDR Bloomberg Barclays High Yield Bond ETF (JNK)

Pinnacle Wealth Planning Services Inc. raised its stake in SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 1.3% during the 1st quarter, Holdings Channel reports. The firm owned 33,490 shares of the exchange traded fund’s stock after acquiring an additional 427 shares during the period. SPDR Bloomberg Barclays High Yield Bond ETF accounts for 0.8% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 21st biggest position. Pinnacle Wealth Planning Services Inc.’s holdings in SPDR Bloomberg Barclays High Yield Bond ETF were worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JNK. Bartlett & Co. LLC purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 4th quarter valued at approximately $25,000. Osborn Williams & Donohoe LLC purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 1st quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. grew its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 5,000.0% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 867 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 850 shares during the last quarter. Essex Savings Bank purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 4th quarter valued at approximately $33,000. Finally, ERTS Wealth Advisors LLC purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 4th quarter valued at approximately $38,000.

Shares of JNK stock traded down $0.07 during midday trading on Wednesday, hitting $107.53. The company had a trading volume of 31,069 shares, compared to its average volume of 5,273,114. SPDR Bloomberg Barclays High Yield Bond ETF has a 52-week low of $98.76 and a 52-week high of $108.87.

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

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SPDR Bloomberg Barclays High Yield Bond ETF 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 Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

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