SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Stock Bought by Employees Retirement Fund of the City of Fort Worth

Employees Retirement Fund of the City of Fort Worth increased its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 28.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 893,800 shares of the company’s stock after buying an additional 200,000 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF comprises 7.9% of Employees Retirement Fund of the City of Fort Worth’s holdings, making the stock its 5th largest position. Employees Retirement Fund of the City of Fort Worth’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $21,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SJNK. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter worth approximately $168,546,000. Wealthfront Advisers LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the first quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock worth $134,025,000 after acquiring an additional 1,703,692 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth approximately $13,274,000. Angeles Investment Advisors LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter worth approximately $11,805,000. Finally, Sterling Manor Financial LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter worth approximately $9,091,000.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.1%

Shares of SJNK traded down $0.02 during mid-day trading on Friday, reaching $24.07. The company’s stock had a trading volume of 2,596,159 shares, compared to its average volume of 3,374,713. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.97 and a 52 week high of $25.49. The stock has a market cap of $4.35 billion, a PE ratio of 0.90 and a beta of 0.31. The company’s fifty day moving average price is $24.35 and its two-hundred day moving average price is $24.87.

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.