SPDR Bloomberg Short Term High Yield Bond ETF $SJNK is iA Global Asset Management Inc.’s 8th Largest Position

iA Global Asset Management Inc. lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 40.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,069,236 shares of the company’s stock after purchasing an additional 2,037,400 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for approximately 2.3% of iA Global Asset Management Inc.’s holdings, making the stock its 8th largest position. iA Global Asset Management Inc. owned about 3.36% of SPDR Bloomberg Short Term High Yield Bond ETF worth $178,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriflex Group Inc. increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% in the 3rd quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock worth $30,000 after purchasing an additional 970 shares in the last quarter. City Holding Co. purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter worth $32,000. Root Financial Partners LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter worth $35,000. Franklin Resources Inc. purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth $36,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter worth $65,000.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA:SJNK opened at $24.92 on Friday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. The business has a fifty day moving average price of $25.03 and a 200-day moving average price of $25.23. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $24.72 and a one year high of $25.65.

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.