JPMorgan Chase & Co. Buys 120,533 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

JPMorgan Chase & Co. grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,982 shares of the company’s stock after buying an additional 120,533 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of SPDR Bloomberg Short Term High Yield Bond ETF worth $13,824,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. iA Global Asset Management Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% during the 3rd quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock worth $128,815,000 after acquiring an additional 2,612,700 shares during the last quarter. Ameriprise Financial Inc. increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock valued at $436,856,000 after acquiring an additional 1,319,118 shares during the last quarter. American Century Companies Inc. increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 2,175.2% in the third quarter. American Century Companies Inc. now owns 1,017,017 shares of the company’s stock valued at $26,036,000 after acquiring an additional 972,317 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at $19,200,000. Finally, Quadrature Capital Ltd purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at about $15,753,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.2%

Shares of SJNK stock opened at $24.75 on Friday. The business has a 50-day moving average price of $25.19 and a two-hundred day moving average price of $25.33. 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 firm has a market cap of $5.20 billion, a P/E ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. This is a positive change from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14.

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.