Bright Futures Wealth Management LLC. Makes New Investment in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Bright Futures Wealth Management LLC. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,745 shares of the company’s stock, valued at approximately $864,000.

A number of other hedge funds also recently made changes to their positions in SJNK. iA Global Asset Management Inc. increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% during the 3rd quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock valued at $128,815,000 after purchasing an additional 2,612,700 shares during the period. American Century Companies Inc. lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2,175.2% in the 3rd quarter. American Century Companies Inc. now owns 1,017,017 shares of the company’s stock worth $26,036,000 after purchasing an additional 972,317 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter valued at $19,200,000. Quadrature Capital Ltd acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $15,753,000. Finally, DAVENPORT & Co LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 98.6% during the third quarter. DAVENPORT & Co LLC now owns 1,074,322 shares of the company’s stock worth $27,503,000 after buying an additional 533,342 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.2%

SJNK stock opened at $25.25 on Monday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The company’s fifty day simple moving average is $25.35 and its 200 day simple moving average is $25.39. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.92 and a 12-month high of $25.65.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

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

About SPDR Bloomberg Short Term High Yield Bond ETF

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.