State of New Jersey Common Pension Fund D Decreases Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

State of New Jersey Common Pension Fund D reduced its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 45.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,000,000 shares of the company’s stock after selling 1,689,415 shares during the period. State of New Jersey Common Pension Fund D’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $50,640,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock worth $436,856,000 after buying an additional 1,319,118 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,820,008 shares of the company’s stock worth $174,592,000 after purchasing an additional 178,965 shares during the period. iA Global Asset Management Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% in the 3rd quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock valued at $128,815,000 after buying an additional 2,612,700 shares during the period. Wealthfront Advisers LLC boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 8.8% during the fourth quarter. Wealthfront Advisers LLC now owns 3,661,594 shares of the company’s stock worth $92,712,000 after buying an additional 294,810 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,522,304 shares of the company’s stock valued at $89,185,000 after acquiring an additional 211,827 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $25.13 on Thursday. The firm has a 50 day moving average price of $25.07 and a 200 day moving average price of $25.25. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $24.72 and a fifty-two week high of $25.65. The company has a market capitalization of $4.73 billion, a PE ratio of 0.90 and a beta of 0.30.

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.