HighTower Advisors LLC Increases Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

HighTower Advisors LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,009 shares of the company’s stock after purchasing an additional 21,663 shares during the period. HighTower Advisors LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $15,437,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth about $35,000. Franklin Resources Inc. bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter valued at approximately $36,000. First Horizon Advisors Inc. grew its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 360.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,576 shares of the company’s stock valued at $40,000 after acquiring an additional 1,234 shares during the period. Private Trust Co. NA increased its stake in shares of 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 last quarter. Finally, Boyd Watterson Asset Management LLC OH raised its holdings in shares of 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 worth $81,000 after purchasing an additional 1,783 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Up 0.0%

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $25.33 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 business’s 50 day simple moving average is $25.35 and its 200 day simple moving average is $25.40. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

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

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.