SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 9.8% during the second quarter, HoldingsChannel reports. The firm owned 3,689,415 shares of the company’s stock after selling 400,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $94,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of SJNK. SVB Wealth LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter valued at approximately $44,000. Endowment Wealth Management Inc. acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at approximately $214,000. Wealthcare Advisory Partners LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at approximately $234,000. Concurrent Investment Advisors LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at approximately $238,000. Finally, Ritholtz Wealth Management acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at approximately $253,000.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK stock opened at $25.51 on Friday. The business’s fifty day moving average price is $25.48 and its 200 day moving average price is $25.27. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $23.92 and a 1-year high of $25.70. The firm has a market capitalization of $5.23 billion, a PE ratio of 0.90 and a beta of 0.36.

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.