SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Stock Position Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 13.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 241,270 shares of the company’s stock after buying an additional 28,842 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $6,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SJNK. iA Global Asset Management Inc. increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% in the fourth quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock worth $178,993,000 after acquiring an additional 2,037,400 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,868,188 shares of the company’s stock valued at $173,903,000 after purchasing an additional 48,180 shares during the last quarter. LPL Financial LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock valued at $153,052,000 after purchasing an additional 270,066 shares during the last quarter. Wealthfront Advisers LLC grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% in the first quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after purchasing an additional 1,703,692 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 2.6% in the third quarter. Bank of America Corp DE now owns 2,862,650 shares of the company’s stock valued at $73,284,000 after purchasing an additional 72,659 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.2%

Shares of SJNK opened at $24.83 on Tuesday. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. The company’s fifty day moving average is $24.92 and its 200-day moving average is $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.

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.