SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 10.7% during the fourth quarter, Holdings Channel reports. The fund owned 512,915 shares of the company’s stock after acquiring an additional 49,449 shares during the period. Park Avenue Securities LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $12,987,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Ameriflex Group Inc. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% in the third quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock valued at $30,000 after purchasing an additional 970 shares during the period. Root Financial Partners LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter worth $35,000. Franklin Resources Inc. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth about $36,000. Private Trust Co. NA increased its holdings in 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 worth $51,000 after purchasing an additional 400 shares during the period. Finally, Boyd Watterson Asset Management LLC OH raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 129.3% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 3,162 shares of the company’s stock valued at $81,000 after purchasing an additional 1,783 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK opened at $24.80 on Friday. The stock has a 50-day simple moving average of $25.25 and a 200-day simple moving average of $25.35. The stock has a market capitalization of $5.21 billion, a PE ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.92 and a 1 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. Investors of record on Monday, March 2nd were issued a $0.144 dividend. This represents a c) annualized dividend and a yield of 7.0%. 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 of this dividend was Monday, March 2nd.

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.