Ameriprise Financial Inc. Has $436.86 Million Stake in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Ameriprise Financial Inc. lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,098,748 shares of the company’s stock after acquiring an additional 1,319,118 shares during the quarter. Ameriprise Financial Inc. owned approximately 8.15% of SPDR Bloomberg Short Term High Yield Bond ETF worth $436,856,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SJNK. NewEdge Advisors LLC boosted its stake in 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 purchasing an additional 469 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 21.1% in the second quarter. Cetera Investment Advisers now owns 521,593 shares of the company’s stock valued at $13,290,000 after buying an additional 90,787 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.8% in the second quarter. Kingsview Wealth Management LLC now owns 260,519 shares of the company’s stock valued at $6,638,000 after buying an additional 11,819 shares during the last quarter. Western Wealth Management LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.0% in the second quarter. Western Wealth Management LLC now owns 15,607 shares of the company’s stock valued at $398,000 after buying an additional 880 shares during the last quarter. Finally, Shenkman Capital Management Inc. lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 114.6% during the 2nd quarter. Shenkman Capital Management Inc. now owns 600,880 shares of the company’s stock worth $15,280,000 after buying an additional 320,840 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.1%

Shares of NYSEARCA:SJNK opened at $24.86 on Monday. 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’s 50-day moving average price is $25.29 and its two-hundred day moving average price is $25.36. The firm has a market cap of $5.22 billion, a P/E ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.144 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

SPDR Bloomberg Short Term High Yield Bond ETF 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.