SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 56.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 245,481 shares of the company’s stock after selling 316,493 shares during the period. Janney Montgomery Scott LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $6,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% during the 1st quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock valued at $838,000 after purchasing an additional 469 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $36,000. Peapack Gladstone Financial Corp grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.1% during the second quarter. Peapack Gladstone Financial Corp now owns 27,510 shares of the company’s stock valued at $701,000 after buying an additional 1,585 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% during the second quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock valued at $71,089,000 after buying an additional 287,647 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after acquiring an additional 519 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA SJNK opened at $24.93 on Friday. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. The stock’s fifty day moving average price is $25.03 and its 200 day moving average price is $25.14. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $24.72 and a 1 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.