SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Position Raised by Benchmark Financial LLC

Benchmark Financial LLC grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 14.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,518 shares of the company’s stock after purchasing an additional 25,022 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 4.3% of Benchmark Financial LLC’s portfolio, making the stock its 8th biggest position. Benchmark Financial LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $4,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% during the 1st quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock valued at $838,000 after buying an additional 469 shares during the period. Franklin Resources Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $36,000. Peapack Gladstone Financial Corp increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 6.1% during the second quarter. Peapack Gladstone Financial Corp now owns 27,510 shares of the company’s stock valued at $701,000 after acquiring an additional 1,585 shares during the last quarter. Bank of America Corp DE increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% during the second quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock valued at $71,089,000 after acquiring an additional 287,647 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the second quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after acquiring an additional 519 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $25.01 on Friday. The firm has a 50-day moving average price of $25.05 and a 200-day moving average price of $25.16. The firm has a market capitalization of $4.77 billion, a PE ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $24.72 and a 12-month high of $25.65.

About SPDR Bloomberg Short Term High Yield Bond ETF

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.