Cwm LLC Sells 106,475 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Cwm LLC reduced its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 18.6% in the second quarter, HoldingsChannel.com reports. The firm owned 465,755 shares of the company’s stock after selling 106,475 shares during the period. Cwm LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $11,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Moss Adams Wealth Advisors LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 2.5% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 16,644 shares of the company’s stock worth $424,000 after purchasing an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the 1st quarter. Rosenberg Matthew Hamilton now owns 58,675 shares of the company’s stock worth $1,476,000 after purchasing an additional 416 shares in the last quarter. Friedenthal Financial increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 3.7% during the 2nd quarter. Friedenthal Financial now owns 11,712 shares of the company’s stock worth $298,000 after purchasing an additional 419 shares in the last quarter. NewEdge Advisors LLC increased its holdings 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 worth $838,000 after purchasing an additional 469 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 11.8% during the 1st quarter. Farther Finance Advisors LLC now owns 6,517 shares of the company’s stock worth $163,000 after purchasing an additional 690 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK opened at $25.33 on Tuesday. The stock has a 50 day moving average price of $25.47 and a two-hundred day moving average price of $25.23. The firm has a market capitalization of $4.96 billion, a P/E ratio of 0.90 and a beta of 0.36. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.92 and a 52 week high of $25.70.

SPDR Bloomberg Short Term High Yield Bond ETF 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.