NewEdge Advisors LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Free Report) by 13.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,270 shares of the company’s stock after purchasing an additional 28,842 shares during the quarter. NewEdge Advisors LLC owned approximately 0.13% of SPDR Bloomberg Short Term High Yield Bond ETF worth $6,027,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of 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 worth $25,000 after acquiring an additional 250,000 shares in the last quarter. City Holding Co. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter worth approximately $32,000. Franklin Resources Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter valued at $36,000. Ascentis Independent Advisors acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 1st quarter valued at $55,000. Finally, Private Wealth Asset Management LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% in the fourth quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock valued at $61,000 after purchasing an additional 1,500 shares in the last quarter.
SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.2%
SJNK opened at $24.83 on Tuesday. The firm has a market capitalization of $4.75 billion, a P/E ratio of 0.90 and a beta of 0.29. The stock has a fifty day moving average of $24.92 and a 200-day moving average of $25.05. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $24.72 and a 12-month high of $25.65.
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.
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