Angeles Wealth Management LLC Purchases 123,888 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Angeles Wealth Management LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 15.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,152 shares of the company’s stock after purchasing an additional 123,888 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF comprises 1.4% of Angeles Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Angeles Wealth Management LLC owned about 0.43% of SPDR Bloomberg Short Term High Yield Bond ETF worth $23,172,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the 1st 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. First Horizon Advisors Inc. increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 360.8% in the second quarter. First Horizon Advisors Inc. now owns 1,576 shares of the company’s stock worth $40,000 after purchasing an additional 1,234 shares during the last quarter. AE Wealth Management LLC raised its stake 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 purchasing an additional 6,292 shares in the last quarter. Midwest Trust Co bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $953,000. Finally, Fidelis Capital Partners LLC grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 16.2% in the 2nd quarter. Fidelis Capital Partners LLC now owns 14,204 shares of the company’s stock worth $360,000 after buying an additional 1,980 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of NYSEARCA:SJNK opened at $24.97 on Friday. The company’s fifty day moving average price is $25.33 and its 200-day moving average price is $25.38. The firm has a market capitalization of $5.25 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.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.144 dividend. This is an increase from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Monday, March 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.