Shenkman Capital Management Inc. Sells 300,835 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

by · The Markets Daily

Shenkman Capital Management Inc. decreased its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Free Report) by 50.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,045 shares of the company’s stock after selling 300,835 shares during the quarter. Shenkman Capital Management Inc. owned 0.14% of SPDR Bloomberg Short Term High Yield Bond ETF worth $7,681,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SJNK. iA Global Asset Management Inc. raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% in the third quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock valued at $128,815,000 after purchasing an additional 2,612,700 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at $19,200,000. Quadrature Capital Ltd purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter valued at $15,753,000. DAVENPORT & Co LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,074,322 shares of the company’s stock worth $27,503,000 after acquiring an additional 533,342 shares during the last quarter. Finally, Estate Counselors LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter worth $10,744,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.2%

SJNK opened at $25.29 on Tuesday. The business’s fifty day simple moving average is $25.35 and its 200 day simple moving average is $25.40. 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 stock has a market cap of $5.31 billion, a PE ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

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

SPDR Bloomberg Short Term High Yield Bond ETF Profile

(Free Report)

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.

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