Pacific Asset Management LLC Reduces Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Pacific Asset Management LLC lowered its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,340,366 shares of the company’s stock after selling 41,368 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 20.6% of Pacific Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Pacific Asset Management LLC owned 0.64% of SPDR Bloomberg Short Term High Yield Bond ETF worth $34,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SJNK. Commonwealth Equity Services LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 60.5% in 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 position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $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 worth $8,467,000 after buying an additional 33,722 shares during the last quarter. Sowell Financial Services LLC increased 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 buying an additional 74,594 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in 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 period.

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

SJNK opened at $24.86 on Friday. 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 stock has a market cap of $5.22 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The business has a 50 day moving average of $25.29 and a 200-day moving average of $25.37.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The firm also recently declared 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 a boost 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) dividend on an annualized basis and a yield of 7.0%.

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.