Pacific Asset Management LLC cut its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Free Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,340,366 shares of the company’s stock after selling 41,368 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up approximately 20.6% of Pacific Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Pacific Asset Management LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $34,313,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of SJNK. Ameriflex Group Inc. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% during the 3rd quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock worth $30,000 after buying an additional 970 shares during the period. Root Financial Partners LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter valued at about $35,000. Franklin Resources Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth approximately $36,000. Private Trust Co. NA lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% during the third quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock worth $51,000 after acquiring an additional 400 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 129.3% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 3,162 shares of the company’s stock worth $81,000 after acquiring an additional 1,783 shares during the period.
SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.1%
Shares of NYSEARCA:SJNK opened at $24.86 on Friday. 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 has a 50 day moving average of $25.29 and a 200-day moving average of $25.37. The stock has a market cap of $5.22 billion, a PE ratio of 0.90 and a beta of 0.31.
SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend
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.
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