BTS Asset Management Inc. Makes New Investment in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

BTS Asset Management Inc. bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 23,660 shares of the company’s stock, valued at approximately $603,000. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 0.7% of BTS Asset Management Inc.’s investment portfolio, making the stock its 6th biggest holding.

Several other large investors have also bought and sold shares of the company. SVB Wealth LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter valued at approximately $44,000. Endowment Wealth Management Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $214,000. Wealthcare Advisory Partners LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $234,000. Concurrent Investment Advisors LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $238,000. Finally, Ritholtz Wealth Management purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $253,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.0%

SJNK opened at $25.45 on Wednesday. The firm has a 50 day moving average price of $25.48 and a 200-day moving average price of $25.25. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.92 and a twelve month high of $25.70. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 0.90 and a beta of 0.36.

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.