Drive Wealth Management LLC Invests $3.11 Million in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Drive Wealth Management LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 121,590 shares of the company’s stock, valued at approximately $3,113,000. SPDR Bloomberg Short Term High Yield Bond ETF makes up 0.7% of Drive Wealth Management LLC’s holdings, making the stock its 29th largest holding.

Several other large investors also recently added to or reduced their stakes in the business. GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,820,008 shares of the company’s stock worth $174,592,000 after acquiring an additional 178,965 shares during the last quarter. iA Global Asset Management Inc. increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% in the third quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock worth $128,815,000 after purchasing an additional 2,612,700 shares during the last quarter. Wealthfront Advisers LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 6.5% in the second quarter. Wealthfront Advisers LLC now owns 3,479,826 shares of the company’s stock valued at $88,666,000 after purchasing an additional 212,167 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,145,151 shares of the company’s stock valued at $80,138,000 after purchasing an additional 141,129 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% in the 2nd quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock worth $71,089,000 after buying an additional 287,647 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of NYSEARCA:SJNK opened at $25.45 on Friday. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.92 and a one year high of $25.65. The company’s fifty day moving average price is $25.35 and its 200-day moving average price is $25.40. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31.

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.