Baker Avenue Asset Management LP Trims Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Baker Avenue Asset Management LP reduced its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 40.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,999 shares of the company’s stock after selling 100,631 shares during the quarter. Baker Avenue Asset Management LP’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $3,722,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% in the third quarter. Envestnet Asset Management Inc. now owns 2,814,275 shares of the company’s stock worth $72,045,000 after purchasing an additional 72,880 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% in the third quarter. JPMorgan Chase & Co. now owns 539,982 shares of the company’s stock valued at $13,824,000 after purchasing an additional 120,533 shares during the last quarter. Altus Wealth Management LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 29.5% during the 4th quarter. Altus Wealth Management LLC now owns 119,388 shares of the company’s stock worth $3,023,000 after purchasing an additional 27,172 shares during the period. Park Avenue Securities LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 10.7% during the 4th quarter. Park Avenue Securities LLC now owns 512,915 shares of the company’s stock worth $12,987,000 after purchasing an additional 49,449 shares during the period. Finally, AA Financial Advisors LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 197.6% during the 4th quarter. AA Financial Advisors LLC now owns 108,728 shares of the company’s stock valued at $2,753,000 after buying an additional 72,187 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.1%

Shares of SJNK stock opened at $25.11 on Friday. The stock has a market cap of $4.79 billion, a PE ratio of 0.90 and a beta of 0.29. The business has a 50-day simple moving average of $25.04 and a 200-day simple moving average of $25.21. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $24.72 and a 52-week high of $25.65.

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.