QP Wealth Management LLC Takes Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

QP Wealth Management LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,009 shares of the company’s stock, valued at approximately $532,000.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 60.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 384,943 shares of the company’s stock valued at $9,855,000 after buying an additional 145,113 shares during the last quarter. Blue Capital Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth $3,464,000. Guggenheim Capital LLC boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 11.3% in the 2nd 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 grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 93.8% in the third quarter. Sowell Financial Services LLC now owns 154,089 shares of the company’s stock worth $3,945,000 after acquiring an additional 74,594 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% in the third quarter. Envestnet Asset Management Inc. now owns 2,814,275 shares of the company’s stock worth $72,045,000 after acquiring an additional 72,880 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $24.80 on Friday. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.92 and a one year high of $25.65. The stock has a fifty day moving average of $25.25 and a 200 day moving average of $25.35. The stock has a market cap of $5.21 billion, a PE ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.144 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. This is an increase 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.