SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Stock: Ritholtz Wealth Management Increases Holdings

Ritholtz Wealth Management raised its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 248.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,614 shares of the company’s stock after buying an additional 56,784 shares during the quarter. Ritholtz Wealth Management’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $1,931,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jacobi Capital Management LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter worth approximately $28,000. M Holdings Securities Inc. bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at approximately $817,000. Endowment Wealth Management Inc. increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% in the third quarter. Endowment Wealth Management Inc. now owns 14,187 shares of the company’s stock valued at $344,000 after acquiring an additional 3,546 shares during the last quarter. StoneX Group Inc. bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at approximately $939,000. Finally, Parallel Advisors LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 85.7% during the third quarter. Parallel Advisors LLC now owns 7,279 shares of the company’s stock valued at $177,000 after purchasing an additional 3,359 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK traded down $0.02 during trading on Friday, hitting $24.01. 2,311,865 shares of the stock traded hands, compared to its average volume of 3,358,137. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.97 and a twelve month high of $25.49. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The business has a 50 day moving average price of $24.28 and a 200 day moving average price of $24.83.

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.