NewEdge Advisors LLC Has $6.03 Million Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

NewEdge Advisors LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,237 shares of the company’s stock after buying an additional 28,809 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $6,026,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 81.5% in the first quarter. Ashton Thomas Securities LLC now owns 4,633 shares of the company’s stock valued at $116,000 after acquiring an additional 2,080 shares during the period. Gateway Wealth Partners LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 370.3% during the first quarter. Gateway Wealth Partners LLC now owns 93,251 shares of the company’s stock worth $2,329,000 after acquiring an additional 73,424 shares during the period. Cumberland Partners Ltd increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 11.6% during the first quarter. Cumberland Partners Ltd now owns 9,873 shares of the company’s stock worth $247,000 after acquiring an additional 1,030 shares during the period. Compound Planning Inc. raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 106.0% in the 1st quarter. Compound Planning Inc. now owns 19,154 shares of the company’s stock worth $478,000 after purchasing an additional 9,856 shares in the last quarter. Finally, Icon Advisers Inc. Co. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 1st quarter worth about $1,144,000.

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

NYSEARCA SJNK opened at $24.85 on Friday. The company has a market capitalization of $4.88 billion, a P/E ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $24.72 and a 12-month high of $25.65. The firm has a 50-day moving average price of $24.96 and a two-hundred day moving average price of $25.08.

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.