SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Stock Acquired by KG Capital Management

KG Capital Management increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 47.9% during the third quarter, HoldingsChannel.com reports. The firm owned 146,432 shares of the company’s stock after buying an additional 47,436 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for 2.3% of KG Capital Management’s portfolio, making the stock its 10th largest position. KG Capital Management’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $3,551,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. First Bancorp Inc ME purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter valued at about $28,000. Ascentis Independent Advisors bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter valued at about $55,000. Continuum Advisory LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at about $58,000. Tucker Asset Management LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at about $74,000. Finally, Millstone Evans Group LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 206.8% in the 1st quarter. Millstone Evans Group LLC now owns 2,973 shares of the company’s stock worth $74,000 after purchasing an additional 2,004 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $24.10 on Thursday. The business’s fifty day moving average is $24.60 and its 200 day moving average is $24.85. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.99 and a 52-week high of $25.58. The company has a market capitalization of $4.38 billion, a PE ratio of 0.90 and a beta of 0.30.

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.