Market Street Wealth Management Advisors LLC Acquires 310,370 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Market Street Wealth Management Advisors LLC acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the third quarter, Holdings Channel reports. The firm acquired 310,370 shares of the company’s stock, valued at approximately $7,526,000. SPDR Bloomberg Short Term High Yield Bond ETF accounts for 1.1% of Market Street Wealth Management Advisors LLC’s holdings, making the stock its 26th largest holding.

Several other large investors have also bought and sold shares of SJNK. LPL Financial LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock worth $153,052,000 after buying an additional 270,066 shares during the period. Wealthfront Advisers LLC raised its position 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 during the last quarter. Envestnet Asset Management Inc. raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,717,476 shares of the company’s stock worth $68,018,000 after acquiring an additional 365,297 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.6% in the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,545,222 shares of the company’s stock worth $64,445,000 after acquiring an additional 201,866 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% in the first quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock worth $61,839,000 after acquiring an additional 168,058 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK stock opened at $24.18 on Friday. The stock has a market capitalization of $4.38 billion, a PE ratio of 0.90 and a beta of 0.30. The business’s 50 day simple moving average is $24.65 and its 200 day simple moving average is $24.87. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.99 and a one year high of $25.58.

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.