JPMorgan Chase & Co. Grows Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

JPMorgan Chase & Co. lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 28.7% during the 3rd quarter, Holdings Channel reports. The firm owned 539,982 shares of the company’s stock after acquiring an additional 120,533 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $13,824,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Narus Financial Partners LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 9.7% in the 3rd quarter. Narus Financial Partners LLC now owns 32,994 shares of the company’s stock worth $845,000 after acquiring an additional 2,912 shares during the last quarter. IFP Advisors Inc increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 85.1% in the third quarter. IFP Advisors Inc now owns 5,524 shares of the company’s stock valued at $141,000 after acquiring an additional 2,539 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 41.7% during the third quarter. CIBC Private Wealth Group LLC now owns 4,276 shares of the company’s stock valued at $109,000 after acquiring an additional 1,259 shares during the last quarter. WBI Investments LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 16.6% during the third quarter. WBI Investments LLC now owns 16,176 shares of the company’s stock valued at $414,000 after acquiring an additional 2,306 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.0% during the third quarter. Centaurus Financial Inc. now owns 130,359 shares of the company’s stock worth $3,337,000 after purchasing an additional 5,046 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA SJNK opened at $24.75 on Friday. The stock has a market capitalization of $5.20 billion, a PE ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.92 and a 1 year high of $25.65. The business’s 50-day moving average is $25.19 and its 200 day moving average is $25.33.

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 issued a $0.144 dividend. This is an increase from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 7.0%.

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.