Coppell Advisory Solutions LLC Increases Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

Coppell Advisory Solutions LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 24.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 63,982 shares of the company’s stock after buying an additional 12,519 shares during the period. Coppell Advisory Solutions LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $1,616,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. SouthState Corp bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at approximately $29,000. ADG Wealth Management Group LLC bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at $202,000. Greatmark Investment Partners Inc. boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.7% in the 4th quarter. Greatmark Investment Partners Inc. now owns 10,350 shares of the company’s stock worth $261,000 after buying an additional 650 shares during the last quarter. Gradient Capital Advisors LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 10.8% in the fourth quarter. Gradient Capital Advisors LLC now owns 12,452 shares of the company’s stock worth $314,000 after acquiring an additional 1,211 shares during the period. Finally, BTS Asset Management Inc. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at $317,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK stock opened at $24.68 on Wednesday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 0.89 and a beta of 0.31. The business’s 50-day moving average is $25.09 and its two-hundred day moving average is $25.33. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $23.92 and a fifty-two week high of $25.77.

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.