Diversify Advisory Services LLC Has $3.71 Million Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Diversify Advisory Services LLC trimmed its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 34.4% in the third quarter, Holdings Channel reports. The firm owned 147,022 shares of the company’s stock after selling 77,252 shares during the quarter. Diversify Advisory Services LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $3,712,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SJNK. Commonwealth Equity Services LLC grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 60.5% in the third quarter. Commonwealth Equity Services LLC now owns 384,943 shares of the company’s stock valued at $9,855,000 after buying an additional 145,113 shares in the last quarter. Blue Capital Inc. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $3,464,000. Guggenheim Capital LLC raised 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 worth $8,467,000 after acquiring an additional 33,722 shares in the last quarter. Sowell Financial Services LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 93.8% during the third quarter. Sowell Financial Services LLC now owns 154,089 shares of the company’s stock worth $3,945,000 after acquiring an additional 74,594 shares in the last quarter. Finally, AE Wealth Management LLC lifted 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 acquiring an additional 6,292 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK opened at $25.06 on Tuesday. The firm has a 50-day moving average of $25.32 and a 200-day moving average of $25.38. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.92 and a one year high of $25.65. The company has a market cap of $5.27 billion, a PE ratio of 0.90 and a beta of 0.31.

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 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. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.9%.

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.