SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 36.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 415,000 shares of the company’s stock after selling 240,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $10,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 649,964.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,294,726 shares of the company’s stock valued at $58,102,000 after acquiring an additional 2,294,373 shares in the last quarter. iA Global Asset Management Inc. increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% during the fourth quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock valued at $178,993,000 after acquiring an additional 2,037,400 shares during the period. Shenkman Capital Management Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% during the fourth quarter. Shenkman Capital Management Inc. now owns 1,443,140 shares of the company’s stock worth $37,539,000 after purchasing an additional 1,143,095 shares in the last quarter. Jane Street Group LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth approximately $12,512,000. Finally, Raymond James Financial Inc. lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 56.7% in the third quarter. Raymond James Financial Inc. now owns 1,059,175 shares of the company’s stock worth $27,115,000 after purchasing an additional 383,227 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of NYSEARCA SJNK opened at $24.91 on Wednesday. The stock has a fifty day moving average price of $24.99 and a two-hundred day moving average price of $25.13. The firm has a market cap of $4.91 billion, a P/E ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $24.72 and a 1 year 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.