49 Wealth Management LLC Buys 183,269 Shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

49 Wealth Management LLC boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 79.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,392 shares of the company’s stock after acquiring an additional 183,269 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for 1.7% of 49 Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. 49 Wealth Management LLC owned about 0.22% of SPDR Bloomberg Short Term High Yield Bond ETF worth $10,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth approximately $3,099,000. Nations Financial Group Inc. IA ADV raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 16.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 16,920 shares of the company’s stock valued at $436,000 after purchasing an additional 2,390 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth about $152,000. AMJ Financial Wealth Management acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at about $12,452,000. Finally, IAG Wealth Partners LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 8.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 59,264 shares of the company’s stock valued at $1,526,000 after buying an additional 4,393 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $25.53 on Friday. SPDR Bloomberg Short Term High Yield Bond ETF has a 12 month low of $24.59 and a 12 month high of $25.77. The firm has a market capitalization of $4.70 billion, a PE ratio of 0.91 and a beta of 0.26. The firm has a fifty day simple moving average of $25.55 and a two-hundred day simple moving average of $25.26.

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.