Phoenix Financial Ltd. Sells 25,000 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Phoenix Financial Ltd. decreased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 73.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,927 shares of the company’s stock after selling 25,000 shares during the quarter. Phoenix Financial Ltd.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $226,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SJNK. NewEdge Advisors LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the first quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock worth $838,000 after buying an additional 469 shares in the last quarter. Franklin Resources Inc. bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth approximately $36,000. Peapack Gladstone Financial Corp raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 6.1% in the second quarter. Peapack Gladstone Financial Corp now owns 27,510 shares of the company’s stock worth $701,000 after buying an additional 1,585 shares in the last quarter. Bank of America Corp DE raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% in the second quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock worth $71,089,000 after buying an additional 287,647 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the second quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock worth $96,000 after buying an additional 519 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of NYSEARCA:SJNK opened at $24.92 on Monday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $24.72 and a 52 week high of $25.65. The firm has a 50 day moving average of $25.03 and a 200 day moving average of $25.23.

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.