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

Gateway Wealth Partners LLC raised its holdings 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 13F filing with the Securities and Exchange Commission. The firm owned 93,251 shares of the company’s stock after purchasing an additional 73,424 shares during the period. 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 filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SJNK. Tower Research Capital LLC TRC grew its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 649,964.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,294,726 shares of the company’s stock worth $58,102,000 after buying an additional 2,294,373 shares during the period. iA Global Asset Management Inc. raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% during the fourth quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock worth $178,993,000 after buying an additional 2,037,400 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% in the first 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 during the period. Shenkman Capital Management Inc. lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% in the fourth quarter. Shenkman Capital Management Inc. now owns 1,443,140 shares of the company’s stock valued at $37,539,000 after buying an additional 1,143,095 shares during the period. Finally, Jane Street Group LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at approximately $12,512,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK opened at $24.80 on Tuesday. The company has a fifty day moving average price of $24.97 and a two-hundred day moving average price of $25.10. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $24.72 and a 52 week high of $25.65. The firm 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.