Envestnet Asset Management Inc. Grows Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Envestnet Asset Management Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,814,275 shares of the company’s stock after acquiring an additional 72,880 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $72,045,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at $35,000. Franklin Resources Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $36,000. First Horizon Advisors Inc. grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 360.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,576 shares of the company’s stock valued at $40,000 after buying an additional 1,234 shares during the period. Private Trust Co. NA grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% in the 3rd quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock valued at $51,000 after buying an additional 400 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after acquiring an additional 519 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK opened at $25.31 on Monday. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.92 and a 1 year high of $25.65. The company’s 50 day simple moving average is $25.36 and its 200 day simple moving average is $25.40. The stock has a market capitalization of $5.32 billion, a PE ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.1397 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Monday, February 2nd.

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.