ADG Wealth Management Group LLC Invests $202,000 in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

ADG Wealth Management Group LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,015 shares of the company’s stock, valued at approximately $202,000. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 0.2% of ADG Wealth Management Group LLC’s holdings, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 98.3% in the third quarter. Private Trust Co. NA now owns 1,878 shares of the company’s stock valued at $48,000 after purchasing an additional 931 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at approximately $138,000. Captrust Financial Advisors raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 7.2% in the third quarter. Captrust Financial Advisors now owns 10,404 shares of the company’s stock valued at $268,000 after purchasing an additional 698 shares in the last quarter. Gradient Capital Advisors LLC raised its stake in 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 valued at $314,000 after purchasing an additional 1,211 shares in the last quarter. Finally, BTS Asset Management Inc. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at approximately $317,000.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK opened at $25.64 on Friday. The firm’s 50 day simple moving average is $25.44 and its 200 day simple moving average is $25.48. The company has a market capitalization of $5.05 billion, a P/E ratio of 0.93 and a beta of 0.36. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $24.67 and a 1-year 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.