175,881 Shares in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Bought by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 175,881 shares of the company’s stock, valued at approximately $4,481,000. Cabot Wealth Management Inc. owned 0.09% of SPDR Bloomberg Short Term High Yield Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth $8,612,000. Sharper & Granite LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 2.6% during the 2nd quarter. Sharper & Granite LLC now owns 241,070 shares of the company’s stock worth $6,116,000 after buying an additional 6,110 shares during the period. Strategic Blueprint LLC increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 20.2% in the 2nd quarter. Strategic Blueprint LLC now owns 40,214 shares of the company’s stock worth $1,025,000 after purchasing an additional 6,751 shares during the last quarter. TFB Advisors LLC increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 45.8% in the 2nd quarter. TFB Advisors LLC now owns 12,908 shares of the company’s stock worth $329,000 after purchasing an additional 4,056 shares during the last quarter. Finally, BTS Asset Management Inc. bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $603,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK opened at $25.51 on Friday. The company has a 50-day moving average of $25.48 and a 200-day moving average of $25.27. The company has a market capitalization of $5.23 billion, a P/E ratio of 0.90 and a beta of 0.36. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $23.92 and a 1-year high of $25.70.

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.