Wealthfront Advisers LLC Acquires 212,167 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Wealthfront Advisers LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,479,826 shares of the company’s stock after acquiring an additional 212,167 shares during the period. Wealthfront Advisers LLC owned approximately 1.85% of SPDR Bloomberg Short Term High Yield Bond ETF worth $88,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 48.8% in the 1st quarter. Ameriprise Financial Inc. now owns 18,679,447 shares of the company’s stock valued at $474,132,000 after purchasing an additional 6,124,456 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the 2nd 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 buying an additional 141,129 shares during the period. RMG Wealth Management LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth $62,337,000. Sigma Investment Counselors Inc. lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 1.3% in the second quarter. Sigma Investment Counselors Inc. now owns 1,544,552 shares of the company’s stock worth $39,355,000 after buying an additional 20,240 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $22,117,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.3%

SJNK stock opened at $25.51 on Friday. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.92 and a twelve month high of $25.70. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 0.90 and a beta of 0.36. The firm’s fifty day simple moving average is $25.48 and its two-hundred day simple moving average is $25.27.

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.