Icon Advisers Inc. Co. Invests $1.14 Million in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Icon Advisers Inc. Co. bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,777 shares of the company’s stock, valued at approximately $1,144,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SJNK. Tower Research Capital LLC TRC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 649,964.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,294,726 shares of the company’s stock valued at $58,102,000 after buying an additional 2,294,373 shares in the last quarter. iA Global Asset Management Inc. boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% during the 4th quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock valued at $178,993,000 after acquiring an additional 2,037,400 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the 1st quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after acquiring an additional 1,703,692 shares in the last quarter. Shenkman Capital Management Inc. increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% in the fourth quarter. Shenkman Capital Management Inc. now owns 1,443,140 shares of the company’s stock valued at $37,539,000 after acquiring an additional 1,143,095 shares during the period. Finally, Jane Street Group LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter worth about $12,512,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.1%

Shares of SJNK opened at $24.86 on Thursday. The company has a 50-day moving average price of $24.98 and a two-hundred day moving average price of $25.11. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 12 month low of $24.72 and a 12 month high of $25.65.

About SPDR Bloomberg Short Term High Yield Bond ETF

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.