Global Assets Advisory LLC Boosts Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Global Assets Advisory LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,032 shares of the company’s stock after purchasing an additional 21,509 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for 1.7% of Global Assets Advisory LLC’s holdings, making the stock its 13th biggest position. Global Assets Advisory LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $5,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 0.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 117,172 shares of the company’s stock worth $2,982,000 after buying an additional 436 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the first quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock worth $838,000 after buying an additional 469 shares in the last quarter. Insight 2811 Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the fourth quarter. Insight 2811 Inc. now owns 36,659 shares of the company’s stock worth $928,000 after buying an additional 501 shares in the last quarter. Commonwealth Financial Services LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.8% in the fourth quarter. Commonwealth Financial Services LLC now owns 10,890 shares of the company’s stock worth $276,000 after buying an additional 503 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 5.4% in the fourth quarter. Meridian Wealth Management LLC now owns 9,961 shares of the company’s stock worth $252,000 after buying an additional 509 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA:SJNK opened at $25.04 on Tuesday. The company’s 50-day moving average price is $25.03 and its 200-day moving average price is $25.21. The company has a market cap of $4.78 billion, a P/E ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $24.72 and a twelve month high of $25.65.

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.