SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Bought by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. grew its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 15.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,343,356 shares of the company’s stock after acquiring an additional 319,650 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF makes up 1.1% of Sumitomo Mitsui Financial Group Inc.’s portfolio, making the stock its 16th biggest holding. Sumitomo Mitsui Financial Group Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $59,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 60.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 384,943 shares of the company’s stock valued at $9,855,000 after acquiring an additional 145,113 shares in the last quarter. Blue Capital Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at approximately $3,464,000. Guggenheim Capital LLC increased its stake 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 buying an additional 33,722 shares during the period. Sowell Financial Services LLC lifted its holdings in 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, AE Wealth Management LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 5.6% in the 2nd quarter. AE Wealth Management LLC now owns 118,169 shares of the company’s stock valued at $3,011,000 after buying an additional 6,292 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA:SJNK opened at $25.31 on Friday. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.92 and a 52 week high of $25.65. The company has a fifty day simple moving average of $25.35 and a two-hundred day simple moving average of $25.40. The company has a market cap 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 declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1397 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.6%.

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.