M Holdings Securities Inc. bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 33,900 shares of the company’s stock, valued at approximately $817,000.
Other hedge funds also recently bought and sold shares of the company. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at about $168,546,000. Wealthfront Advisers LLC grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% in the 1st quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after buying an additional 1,703,692 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,717,476 shares of the company’s stock valued at $68,018,000 after buying an additional 365,297 shares in the last quarter. Assetmark Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% in the 1st quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock valued at $61,839,000 after buying an additional 168,058 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 1.7% in the second quarter. Angeles Wealth Management LLC now owns 1,106,976 shares of the company’s stock worth $27,708,000 after buying an additional 18,620 shares during the last quarter.
SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance
NYSEARCA:SJNK opened at $24.08 on Wednesday. The stock’s 50 day moving average price is $24.32 and its 200 day moving average price is $24.85. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.97 and a 52 week high of $25.49. The company has a market capitalization of $4.34 billion, a P/E ratio of 0.90 and a beta of 0.31.
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.
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