SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Acquired by Truist Financial Corp

Truist Financial Corp increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 6.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 569,581 shares of the company’s stock after acquiring an additional 34,590 shares during the period. Truist Financial Corp’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $14,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% during 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 period. RMG Wealth Management LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth $62,337,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth $22,117,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at about $19,200,000. Finally, Quadrature Capital Ltd acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $15,753,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.0%

Shares of NYSEARCA:SJNK opened at $25.43 on Friday. The company has a market cap of $5.34 billion, a P/E ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.92 and a 52 week high of $25.65. The company has a 50-day moving average price of $25.37 and a 200 day moving average price of $25.41.

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.