iA Global Asset Management Inc. cut its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Free Report) by 41.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,154,736 shares of the company’s stock after selling 2,914,500 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF comprises 1.5% of iA Global Asset Management Inc.’s portfolio, making the stock its 12th biggest position. iA Global Asset Management Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $103,785,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Wealth Group LLC increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.8% during the first quarter. Private Wealth Group LLC now owns 51,791 shares of the company’s stock valued at $1,294,000 after buying an additional 2,368 shares during the period. Caldwell Trust Co raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 5.9% in the first quarter. Caldwell Trust Co now owns 374,375 shares of the company’s stock valued at $9,352,000 after acquiring an additional 20,836 shares in the last quarter. Benchmark Financial LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 14.9% in the first quarter. Benchmark Financial LLC now owns 193,518 shares of the company’s stock valued at $4,834,000 after acquiring an additional 25,022 shares in the last quarter. Narus Financial Partners LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 11.1% in the first quarter. Narus Financial Partners LLC now owns 36,560 shares of the company’s stock worth $913,000 after acquiring an additional 3,666 shares during the period. Finally, WT Wealth Management lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 48.2% in the first quarter. WT Wealth Management now owns 85,496 shares of the company’s stock worth $2,136,000 after acquiring an additional 27,810 shares during the period.
SPDR Bloomberg Short Term High Yield Bond ETF Price Performance
Shares of SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $25.03 on Wednesday. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $24.72 and a 1 year high of $25.65. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. The firm’s 50-day moving average is $25.04 and its two-hundred day moving average is $25.15.
About SPDR Bloomberg Short Term High Yield Bond ETF
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.
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