49 Wealth Management LLC Buys 183,269 Shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

49 Wealth Management LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 79.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 413,392 shares of the company’s stock after acquiring an additional 183,269 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF comprises 1.7% of 49 Wealth Management LLC’s holdings, making the stock its 16th largest position. 49 Wealth Management LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $10,645,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $152,000. Nations Financial Group Inc. IA ADV boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% during the second quarter. Nations Financial Group Inc. IA ADV now owns 14,530 shares of the company’s stock worth $363,000 after acquiring an additional 880 shares in the last quarter. Valley Wealth Managers Inc. grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 80.0% in the third quarter. Valley Wealth Managers Inc. now owns 15,509 shares of the company’s stock worth $399,000 after purchasing an additional 6,892 shares during the period. Arkadios Wealth Advisors bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $406,000. Finally, NBC Securities Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 10.8% during the third quarter. NBC Securities Inc. now owns 19,613 shares of the company’s stock valued at $505,000 after purchasing an additional 1,915 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of NYSEARCA:SJNK opened at $25.53 on Friday. The business has a fifty day moving average price of $25.55 and a 200-day moving average price of $25.26. The company has a market capitalization of $4.70 billion, a PE ratio of 0.91 and a beta of 0.26. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $24.59 and a 1-year high of $25.77.

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.