Shenkman Capital Management Inc. Increases Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Shenkman Capital Management Inc. lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 114.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 600,880 shares of the company’s stock after buying an additional 320,840 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 1.7% of Shenkman Capital Management Inc.’s holdings, making the stock its 14th largest position. Shenkman Capital Management Inc. owned about 0.32% of SPDR Bloomberg Short Term High Yield Bond ETF worth $15,280,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter worth about $1,997,000. Valley Wealth Managers Inc. grew its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 10.0% in the first quarter. Valley Wealth Managers Inc. now owns 19,484 shares of the company’s stock valued at $490,000 after purchasing an additional 1,769 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 18.8% during the 1st quarter. Arkadios Wealth Advisors now owns 22,881 shares of the company’s stock worth $576,000 after purchasing an additional 3,622 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 9.7% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 12,177 shares of the company’s stock worth $306,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 1st quarter worth approximately $361,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK stock opened at $25.21 on Wednesday. The stock’s 50 day moving average price is $25.44 and its 200 day moving average price is $25.35. The firm has a market cap of $5.29 billion, a P/E ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.92 and a 1 year high of $25.70.

SPDR Bloomberg Short Term High Yield Bond ETF Company 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.