SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 282.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 448,204 shares of the company’s stock after buying an additional 331,032 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $11,384,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SJNK. Ameriflex Group Inc. grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% during the third quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock valued at $30,000 after acquiring an additional 970 shares during the period. Root Financial Partners LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter valued at about $35,000. Franklin Resources Inc. purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth about $36,000. Private Trust Co. NA increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% during the 3rd quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 129.3% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 3,162 shares of the company’s stock worth $81,000 after purchasing an additional 1,783 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.6%

Shares of SJNK stock opened at $24.81 on Friday. 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 firm’s 50 day moving average price is $25.20 and its two-hundred day moving average price is $25.33. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.144 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. This is a boost from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14.

About SPDR Bloomberg Short Term High Yield Bond ETF

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.