Sumitomo Mitsui Financial Group Inc. Has $64.45 Million Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Sumitomo Mitsui Financial Group Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,545,222 shares of the company’s stock after purchasing an additional 201,866 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF makes up 1.1% of Sumitomo Mitsui Financial Group Inc.’s investment portfolio, making the stock its 15th biggest holding. Sumitomo Mitsui Financial Group Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $64,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in shares of 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 acquiring an additional 1,319,118 shares in the last quarter. iA Global Asset Management Inc. increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% during the fourth quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock worth $178,993,000 after acquiring an additional 2,037,400 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,868,188 shares of the company’s stock worth $173,903,000 after acquiring an additional 48,180 shares in the last quarter. LPL Financial LLC increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock worth $153,052,000 after acquiring an additional 270,066 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of 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 acquiring an additional 294,810 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA:SJNK opened at $25.01 on Friday. The firm has a 50-day moving average of $25.05 and a 200-day moving average of $25.18. The company has a market cap of $4.77 billion, a PE ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $24.72 and a one year 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.