Gateway Wealth Partners LLC Acquires 73,424 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Gateway Wealth Partners LLC boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 370.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,251 shares of the company’s stock after acquiring an additional 73,424 shares during the quarter. Gateway Wealth Partners LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $2,329,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. City Holding Co. bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter worth about $32,000. Franklin Resources Inc. bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $36,000. Ascentis Independent Advisors bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter valued at approximately $55,000. Private Wealth Asset Management LLC increased its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% in the fourth quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock valued at $61,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at approximately $65,000.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK stock opened at $24.80 on Tuesday. The company has a 50 day moving average price of $24.97 and a 200 day moving average price of $25.10. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $24.72 and a fifty-two week high of $25.65. The stock has a market capitalization of $4.90 billion, a PE ratio of 0.90 and a beta of 0.29.

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.