Angeles Investment Advisors LLC Makes New $11.80 Million Investment in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Angeles Investment Advisors LLC purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 486,820 shares of the company’s stock, valued at approximately $11,805,000. SPDR Bloomberg Short Term High Yield Bond ETF accounts for about 0.7% of Angeles Investment Advisors LLC’s holdings, making the stock its 17th biggest position.

Other hedge funds also recently made changes to their positions in the company. QP Wealth Management LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 2.3% in the third quarter. QP Wealth Management LLC now owns 19,519 shares of the company’s stock worth $473,000 after purchasing an additional 435 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 13.6% in the 2nd quarter. Capital Analysts LLC now owns 4,304 shares of the company’s stock worth $108,000 after buying an additional 516 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 24,667 shares of the company’s stock worth $616,000 after buying an additional 575 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 0.3% in the 3rd quarter. Sound Income Strategies LLC now owns 227,665 shares of the company’s stock worth $5,505,000 after buying an additional 668 shares in the last quarter. Finally, Royal Fund Management LLC lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 10.9% during the 1st quarter. Royal Fund Management LLC now owns 10,134 shares of the company’s stock worth $253,000 after buying an additional 993 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK stock opened at $24.10 on Friday. The stock’s fifty day simple moving average is $24.50 and its 200 day simple moving average is $24.82. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 0.90 and a beta of 0.30. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.99 and a one year high of $25.58.

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.