Concurrent Investment Advisors LLC Makes New Investment in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Concurrent Investment Advisors LLC bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 44,348 shares of the company’s stock, valued at approximately $1,110,000.

A number of other institutional investors also recently modified their holdings of the business. O Shaughnessy Asset Management LLC grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,454 shares of the company’s stock valued at $569,000 after acquiring an additional 457 shares in the last quarter. NewEdge Advisors LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the 1st quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock worth $838,000 after purchasing an additional 469 shares in the last quarter. Commonwealth Financial Services LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 4.8% in the 4th quarter. Commonwealth Financial Services LLC now owns 10,890 shares of the company’s stock worth $276,000 after purchasing an additional 503 shares in the last quarter. Meridian Wealth Management LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 5.4% in the 4th quarter. Meridian Wealth Management LLC now owns 9,961 shares of the company’s stock valued at $252,000 after purchasing an additional 509 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after purchasing an additional 519 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.3%

Shares of NYSEARCA:SJNK opened at $24.60 on Friday. The company’s 50 day moving average price is $24.85 and its two-hundred day moving average price is $24.97. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $24.59 and a 12-month high of $25.65. The firm has a market cap of $4.71 billion, a PE ratio of 0.90 and a beta of 0.29.

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.