DAVENPORT & Co LLC Raises Stake in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

DAVENPORT & Co LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNKFree Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,184,862 shares of the company’s stock after purchasing an additional 110,540 shares during the quarter. DAVENPORT & Co LLC owned about 0.57% of SPDR Bloomberg Short Term High Yield Bond ETF worth $30,001,000 as of its most recent filing with the SEC.

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

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.3%

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $24.87 on Wednesday. The stock has a 50 day moving average of $25.23 and a two-hundred day moving average of $25.34. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.92 and a twelve month high of $25.65. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

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

About SPDR Bloomberg Short Term High Yield Bond ETF

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

Receive News & Ratings for SPDR Bloomberg Short Term High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg Short Term High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.