Bank of Montreal Can Has $3.13 Million Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Bank of Montreal Can cut its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 9.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 122,935 shares of the company’s stock after selling 13,217 shares during the quarter. Bank of Montreal Can’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $3,132,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. SVB Wealth LLC acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 1st quarter valued at approximately $44,000. Endowment Wealth Management Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at $214,000. Wealthcare Advisory Partners LLC acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at $234,000. Concurrent Investment Advisors LLC bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at about $238,000. Finally, Ritholtz Wealth Management acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth about $253,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $25.39 on Wednesday. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.92 and a 52-week high of $25.70. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The firm’s 50-day moving average is $25.46 and its 200-day moving average is $25.34.

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.