Oxbow Advisors LLC Acquires New Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Oxbow Advisors LLC acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,177 shares of the company’s stock, valued at approximately $259,000.

Other hedge funds have also recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter valued at about $44,000. Proathlete Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter valued at about $48,000. Farther Finance Advisors LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 11.8% in the first quarter. Farther Finance Advisors LLC now owns 6,517 shares of the company’s stock valued at $163,000 after purchasing an additional 690 shares during the period. Endowment Wealth Management Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $214,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $234,000.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK stock opened at $25.42 on Friday. The firm has a market cap of $5.04 billion, a PE ratio of 0.90 and a beta of 0.36. The company has a 50-day moving average of $25.48 and a two-hundred day moving average of $25.23. 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.