RMG Wealth Management LLC Has $67.58 Million Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

RMG Wealth Management LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,659,598 shares of the company’s stock after buying an additional 203,885 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF comprises 9.5% of RMG Wealth Management LLC’s holdings, making the stock its 4th biggest holding. RMG Wealth Management LLC owned about 1.29% of SPDR Bloomberg Short Term High Yield Bond ETF worth $67,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in SJNK. Root Financial Partners LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter valued at approximately $35,000. Franklin Resources Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth $36,000. First Horizon Advisors Inc. increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 360.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,576 shares of the company’s stock worth $40,000 after purchasing an additional 1,234 shares during the period. Private Trust Co. NA raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% during the 3rd quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock valued at $51,000 after purchasing an additional 400 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock worth $96,000 after buying an additional 519 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Up 0.1%

SJNK opened at $25.47 on Friday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.92 and a 12-month high of $25.65. The business’s fifty day simple moving average is $25.35 and its 200-day simple moving average is $25.40.

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.