Advisors Capital Management LLC Lowers Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Advisors Capital Management LLC lessened its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 96.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,234 shares of the company’s stock after selling 1,604,782 shares during the quarter. Advisors Capital Management LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $1,644,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SJNK. Chesley Taft & Associates LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 1.1% in the third quarter. Chesley Taft & Associates LLC now owns 35,950 shares of the company’s stock valued at $920,000 after purchasing an additional 400 shares during the last quarter. Private Trust Co. NA increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% during the 3rd quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock valued at $51,000 after acquiring an additional 400 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 117,172 shares of the company’s stock worth $2,982,000 after acquiring an additional 436 shares during the period. NewEdge Advisors LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the first quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock worth $838,000 after acquiring an additional 469 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the second quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after purchasing an additional 519 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $25.32 on Friday. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.92 and a one year high of $25.65. The company has a 50 day moving average price of $25.35 and a 200 day moving average price of $25.40.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.1397 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, February 2nd.

SPDR Bloomberg Short Term High Yield Bond ETF Company Profile

The SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of short-term publicly issued US high yield corporate bonds, with a remaining maturity of less than five years. SJNK was launched on Mar 15, 2012 and is managed by State Street.