Essex LLC Decreases Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Essex LLC reduced its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 7.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 841,753 shares of the company’s stock after selling 68,589 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for approximately 3.8% of Essex LLC’s investment portfolio, making the stock its 6th largest holding. Essex LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $21,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SJNK. iA Global Asset Management Inc. boosted its holdings in 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 valued at $128,815,000 after acquiring an additional 2,612,700 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock worth $436,856,000 after purchasing an additional 1,319,118 shares during the last quarter. American Century Companies Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 2,175.2% during the 3rd quarter. American Century Companies Inc. now owns 1,017,017 shares of the company’s stock worth $26,036,000 after purchasing an additional 972,317 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at about $19,200,000. Finally, DAVENPORT & Co LLC boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.6% in the 3rd quarter. DAVENPORT & Co LLC now owns 1,074,322 shares of the company’s stock valued at $27,503,000 after purchasing an additional 533,342 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of NYSEARCA:SJNK opened at $24.93 on Friday. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The company has a 50 day moving average of $25.15 and a 200-day moving average of $25.31. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.92 and a one 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.