Envestnet Portfolio Solutions Inc. Sells 20,826 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Envestnet Portfolio Solutions Inc. lowered its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 59.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,085 shares of the company’s stock after selling 20,826 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth $35,000. Franklin Resources Inc. bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $36,000. First Horizon Advisors Inc. boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 360.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,576 shares of the company’s stock worth $40,000 after purchasing an additional 1,234 shares during the period. Private Trust Co. NA grew its holdings 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 valued at $51,000 after purchasing an additional 400 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after purchasing an additional 519 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of NYSEARCA SJNK opened at $25.43 on Monday. The company has a market cap of $5.34 billion, a P/E ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.92 and a 1 year high of $25.65. The firm has a 50-day simple moving average of $25.37 and a two-hundred day simple moving average of $25.41.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a dividend of $0.1397 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, February 2nd.

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.