Advisory Alpha LLC Increases Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Advisory Alpha LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 14.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 415,465 shares of the company’s stock after buying an additional 50,881 shares during the period. Advisory Alpha LLC owned 0.20% of SPDR Bloomberg Short Term High Yield Bond ETF worth $10,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 60.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 384,943 shares of the company’s stock valued at $9,855,000 after purchasing an additional 145,113 shares during the last quarter. Blue Capital Inc. bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth $3,464,000. Guggenheim Capital LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 11.3% during the second quarter. Guggenheim Capital LLC now owns 332,304 shares of the company’s stock valued at $8,467,000 after acquiring an additional 33,722 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 93.8% in the third quarter. Sowell Financial Services LLC now owns 154,089 shares of the company’s stock valued at $3,945,000 after acquiring an additional 74,594 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 5.6% in the second quarter. AE Wealth Management LLC now owns 118,169 shares of the company’s stock valued at $3,011,000 after acquiring an additional 6,292 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Up 0.3%

SJNK opened at $25.13 on Thursday. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.92 and a 12-month high of $25.65. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The company’s 50 day moving average is $25.34 and its 200 day moving average is $25.39.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be paid a $0.144 dividend. This is a positive change from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.9%.

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.