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

DAVENPORT & Co LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 10.3% in the 4th quarter, Holdings Channel reports. The fund owned 1,184,862 shares of the company’s stock after acquiring an additional 110,540 shares during the period. DAVENPORT & Co LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $30,001,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in SJNK. Commonwealth Equity Services LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 60.5% in the third quarter. Commonwealth Equity Services LLC now owns 384,943 shares of the company’s stock valued at $9,855,000 after purchasing an additional 145,113 shares during the period. Blue Capital Inc. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth approximately $3,464,000. Guggenheim Capital LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 11.3% during the 2nd quarter. Guggenheim Capital LLC now owns 332,304 shares of the company’s stock worth $8,467,000 after purchasing an additional 33,722 shares during the period. Sowell Financial Services LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 93.8% during the 3rd quarter. Sowell Financial Services LLC now owns 154,089 shares of the company’s stock worth $3,945,000 after buying an additional 74,594 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at approximately $698,000.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK opened at $24.87 on Wednesday. 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 stock has a market capitalization of $5.23 billion, a P/E ratio of 0.90 and a beta of 0.31. The business has a 50 day simple moving average of $25.23 and a 200-day simple moving average of $25.34.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.144 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 6.9%.

SPDR Bloomberg Short Term High Yield Bond ETF 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.