Market Street Wealth Management Advisors LLC Purchases New Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Market Street Wealth Management Advisors LLC acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 310,370 shares of the company’s stock, valued at approximately $7,526,000. SPDR Bloomberg Short Term High Yield Bond ETF comprises about 1.1% of Market Street Wealth Management Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Market Street Wealth Management Advisors LLC owned about 0.17% of SPDR Bloomberg Short Term High Yield Bond ETF at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock worth $153,052,000 after buying an additional 270,066 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the 1st quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after acquiring an additional 1,703,692 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,717,476 shares of the company’s stock valued at $68,018,000 after acquiring an additional 365,297 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 8.6% during the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,545,222 shares of the company’s stock worth $64,445,000 after acquiring an additional 201,866 shares during the last quarter. Finally, Assetmark Inc. grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% during the 1st quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock worth $61,839,000 after acquiring an additional 168,058 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.1%

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $24.18 on Friday. The company has a market capitalization of $4.38 billion, a PE ratio of 0.90 and a beta of 0.30. SPDR Bloomberg Short Term High Yield Bond ETF has a 12 month low of $23.99 and a 12 month high of $25.58. The stock has a 50-day moving average price of $24.65 and a two-hundred day moving average price of $24.87.

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.