Financial Partners Group Inc Sells 177,957 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Financial Partners Group Inc cut its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 39.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,774 shares of the company’s stock after selling 177,957 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF comprises about 1.0% of Financial Partners Group Inc’s holdings, making the stock its 27th largest position. Financial Partners Group Inc’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $6,950,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake 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 buying an additional 690 shares during the period. Bogart Wealth LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.3% in the first quarter. Bogart Wealth LLC now owns 37,027 shares of the company’s stock valued at $932,000 after buying an additional 823 shares during the period. Park Square Financial Group LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at $428,000. Parallel Advisors LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 16,214.3% during the 1st quarter. Parallel Advisors LLC now owns 5,710 shares of the company’s stock valued at $144,000 after purchasing an additional 5,675 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 1st quarter valued at $44,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA:SJNK opened at $25.63 on Tuesday. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.92 and a 52-week high of $25.77. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 0.90 and a beta of 0.36. The business’s fifty day moving average is $25.45 and its 200 day moving average is $25.20.

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.