Sumitomo Mitsui Financial Group Inc. Boosts Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Sumitomo Mitsui Financial Group Inc. lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 15.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,343,356 shares of the company’s stock after buying an additional 319,650 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF makes up approximately 1.1% of Sumitomo Mitsui Financial Group Inc.’s portfolio, making the stock its 16th largest position. Sumitomo Mitsui Financial Group Inc. owned about 1.12% of SPDR Bloomberg Short Term High Yield Bond ETF worth $59,990,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Chesley Taft & Associates LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 1.1% in the third quarter. Chesley Taft & Associates LLC now owns 35,950 shares of the company’s stock worth $920,000 after acquiring an additional 400 shares during the period. Private Trust Co. NA lifted its stake in shares of 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 purchasing an additional 400 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 0.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 117,172 shares of the company’s stock valued at $2,982,000 after purchasing an additional 436 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% during the 1st quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock worth $838,000 after purchasing an additional 469 shares during the period. Finally, Smartleaf Asset Management LLC increased its position 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 worth $96,000 after purchasing an additional 519 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA SJNK opened at $25.31 on Friday. The firm’s 50-day moving average is $25.35 and its two-hundred day moving average is $25.40. 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 $5.32 billion, a P/E ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1397 dividend. This represents a c) annualized dividend 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.