XP Advisory US Inc. Makes New $1.27 Million Investment in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

XP Advisory US Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the second quarter, Holdings Channel reports. The fund purchased 50,944 shares of the company’s stock, valued at approximately $1,275,000. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 0.7% of XP Advisory US Inc.’s investment portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also recently made changes to their positions in the stock. TD Private Client Wealth LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 20.6% in the fourth quarter. TD Private Client Wealth LLC now owns 231,614 shares of the company’s stock worth $5,864,000 after acquiring an additional 39,566 shares in the last quarter. Sage Investment Advisers LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth about $1,649,000. Win Advisors Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter worth about $875,000. Trevian Wealth Management LLC bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at about $843,000. Finally, Ameritas Advisory Services LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4,013.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 31,879 shares of the company’s stock valued at $807,000 after buying an additional 31,104 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA:SJNK opened at $24.71 on Friday. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. The business has a 50 day moving average of $24.87 and a 200 day moving average of $24.99. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $24.69 and a 1-year 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.