Meridian Financial LLC Purchases Shares of 11,124 SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Meridian Financial LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 11,124 shares of the company’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 11.8% during the first quarter. Farther Finance Advisors LLC now owns 6,517 shares of the company’s stock valued at $163,000 after purchasing an additional 690 shares during the last quarter. Bogart Wealth LLC boosted its position 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 acquiring an additional 823 shares during the period. Parallel Advisors LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 16,214.3% in the first quarter. Parallel Advisors LLC now owns 5,710 shares of the company’s stock valued at $144,000 after acquiring an additional 5,675 shares during the period. Summit Financial LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter valued at approximately $270,000. Finally, SVB Wealth LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter valued at approximately $44,000.

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

SJNK opened at $25.59 on Thursday. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $23.92 and a 1-year high of $25.77. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 0.90 and a beta of 0.36. The business has a 50 day moving average of $25.46 and a 200-day moving average of $25.21.

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.