Bright Futures Wealth Management LLC. Purchases Shares of 33,745 SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Bright Futures Wealth Management LLC. acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,745 shares of the company’s stock, valued at approximately $864,000.

Other hedge funds also recently modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,820,008 shares of the company’s stock valued at $174,592,000 after purchasing an additional 178,965 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings 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 worth $128,815,000 after acquiring an additional 2,612,700 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 5.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,310,477 shares of the company’s stock valued at $84,748,000 after acquiring an additional 165,326 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 2,814,275 shares of the company’s stock worth $72,045,000 after purchasing an additional 72,880 shares during the period. Finally, Bank of America Corp DE grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% in the 2nd quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock valued at $71,089,000 after purchasing an additional 287,647 shares during the period.

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

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $25.25 on Monday. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The firm’s fifty day moving average price is $25.35 and its two-hundred day moving average price is $25.39. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $23.92 and a 1-year high of $25.65.

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. Investors of record on Monday, February 2nd were given a $0.1397 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.6%.

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.