Wealthfront Advisers LLC Has $86.19 Million Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Wealthfront Advisers LLC trimmed its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 3.2% in the third quarter, Holdings Channel reports. The fund owned 3,366,784 shares of the company’s stock after selling 113,042 shares during the quarter. Wealthfront Advisers LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $86,190,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SJNK. NewEdge Advisors LLC grew its position in 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 acquiring an additional 469 shares during the last quarter. US Bancorp DE grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.5% during the second quarter. US Bancorp DE now owns 35,697 shares of the company’s stock worth $910,000 after purchasing an additional 2,478 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at approximately $238,000. Allspring Global Investments Holdings LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at approximately $22,117,000. Finally, MGO One Seven LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 6.2% during the 2nd quarter. MGO One Seven LLC now owns 70,285 shares of the company’s stock worth $1,791,000 after buying an additional 4,091 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK opened at $25.33 on Tuesday. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $23.92 and a fifty-two week high of $25.65. The company’s 50 day moving average price is $25.36 and its two-hundred day moving average price is $25.40. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1397 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend 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.