Moulton Wealth Management Inc. Buys 60,542 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Moulton Wealth Management Inc. increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 32.7% in the second quarter, HoldingsChannel.com reports. The firm owned 245,850 shares of the company’s stock after buying an additional 60,542 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for approximately 4.1% of Moulton Wealth Management Inc.’s portfolio, making the stock its 6th largest holding. Moulton Wealth Management Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $6,119,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock valued at $25,000 after purchasing an additional 250,000 shares during the period. City Holding Co. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth $32,000. Franklin Resources Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $36,000. Ascentis Independent Advisors purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter worth $55,000. Finally, Private Wealth Asset Management LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% during the fourth quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock worth $61,000 after buying an additional 1,500 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Up 0.3%

Shares of NYSEARCA SJNK opened at $24.84 on Wednesday. The stock has a market capitalization of $4.76 billion, a PE ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $24.72 and a twelve month high of $25.65. The stock has a fifty day simple moving average of $24.94 and a 200-day simple moving average of $25.07.

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.