Sequoia Financial Advisors LLC Lowers Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Sequoia Financial Advisors LLC lessened its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 50.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,092 shares of the company’s stock after selling 24,698 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $610,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock worth $436,856,000 after buying an additional 1,319,118 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% in the third quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock worth $128,815,000 after buying an additional 2,612,700 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.8% in the fourth quarter. Wealthfront Advisers LLC now owns 3,661,594 shares of the company’s stock worth $92,712,000 after buying an additional 294,810 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,522,304 shares of the company’s stock worth $89,185,000 after buying an additional 211,827 shares in the last quarter. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.9% in the third quarter. Clark Capital Management Group Inc. now owns 2,921,272 shares of the company’s stock worth $74,785,000 after buying an additional 54,370 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK stock opened at $24.92 on Friday. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $24.72 and a one year high of $25.65. The company’s fifty day moving average price is $25.03 and its 200-day moving average price is $25.23. The company has a market capitalization of $4.76 billion, a PE ratio of 0.90 and a beta of 0.29.

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.