Fernwood Investment Management LLC Purchases New Position in SPDR Bloomberg Barclays High Yield Bond ETF (JNK)

Fernwood Investment Management LLC purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,110 shares of the exchange traded fund’s stock, valued at approximately $292,000.

A number of other large investors have also recently added to or reduced their stakes in JNK. Polaris Greystone Financial Group LLC grew its stake in SPDR Bloomberg Barclays High Yield Bond ETF by 169.0% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 2,881 shares of the exchange traded fund’s stock worth $104,000 after buying an additional 1,810 shares during the last quarter. Bedel Financial Consulting Inc. grew its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 111.9% in the 3rd quarter. Bedel Financial Consulting Inc. now owns 3,941 shares of the exchange traded fund’s stock valued at $140,000 after purchasing an additional 2,081 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 2nd quarter valued at approximately $144,000. Ruggie Capital Group purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 2nd quarter valued at approximately $148,000. Finally, Schroder Investment Management Group purchased a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the 2nd quarter valued at approximately $215,000.

Shares of JNK stock opened at $34.73 on Monday. SPDR Bloomberg Barclays High Yield Bond ETF has a twelve month low of $34.36 and a twelve month high of $37.05.

The business also recently announced a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were paid a $0.1688 dividend. The ex-dividend date was Thursday, November 1st. This represents a $2.03 annualized dividend and a dividend yield of 5.83%.

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About SPDR Bloomberg Barclays High Yield Bond ETF

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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