Horizon Wealth Management LLC Buys 72,123 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Horizon Wealth Management LLC increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 177.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,841 shares of the company’s stock after buying an additional 72,123 shares during the period. Horizon Wealth Management LLC owned about 0.06% of SPDR Bloomberg Short Term High Yield Bond ETF worth $2,736,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SJNK. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter worth about $168,546,000. Wealthfront Advisers LLC grew its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the 1st quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after acquiring an additional 1,703,692 shares during the period. Park Avenue Securities LLC bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at approximately $13,274,000. Angeles Investment Advisors LLC bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at approximately $11,805,000. Finally, Sterling Manor Financial LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter worth approximately $9,091,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.2%

Shares of SJNK stock opened at $24.09 on Friday. The firm has a market cap of $4.35 billion, a P/E ratio of 0.90 and a beta of 0.31. The company has a 50 day moving average of $24.36 and a 200-day moving average of $24.87. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.97 and a 12-month high of $25.49.

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.