Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 165,326 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 5.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,310,477 shares of the company’s stock after purchasing an additional 165,326 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 1.7% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings, making the stock its 13th largest holding. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $84,748,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SJNK. Root Financial Partners LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter worth $35,000. Franklin Resources Inc. bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at about $36,000. First Horizon Advisors Inc. grew its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 360.8% in the second quarter. First Horizon Advisors Inc. now owns 1,576 shares of the company’s stock valued at $40,000 after purchasing an additional 1,234 shares during the last quarter. Private Trust Co. NA increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% in the third quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares during the period. Finally, Boyd Watterson Asset Management LLC OH increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 129.3% in the third 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 during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA SJNK opened at $25.33 on Friday. The stock has a 50-day simple moving average of $25.35 and a 200 day simple moving average of $25.40. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.92 and a twelve month high of $25.65. The stock has a market capitalization of $5.32 billion, a PE ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders 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) dividend on an annualized basis and a dividend yield of 6.6%.

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.