Sigma Investment Counselors Inc. Grows Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Sigma Investment Counselors Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,583,785 shares of the company’s stock after acquiring an additional 39,233 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF comprises approximately 2.1% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 6th biggest position. Sigma Investment Counselors Inc. owned approximately 0.77% of SPDR Bloomberg Short Term High Yield Bond ETF worth $40,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. RMG Wealth Management LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $62,337,000. iA Global Asset Management Inc. increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 1,806.3% during the 2nd quarter. iA Global Asset Management Inc. now owns 2,419,136 shares of the company’s stock valued at $61,640,000 after purchasing an additional 2,292,236 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth about $22,117,000. Quadrature Capital Ltd bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth approximately $15,753,000. Finally, DAVENPORT & Co LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.6% in the third quarter. DAVENPORT & Co LLC now owns 1,074,322 shares of the company’s stock worth $27,503,000 after buying an additional 533,342 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.1%

Shares of SJNK opened at $25.45 on Friday. The company has a market capitalization of $5.32 billion, a P/E ratio of 0.90 and a beta of 0.31. The firm has a 50 day moving average of $25.34 and a 200 day moving average of $25.40. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.92 and a twelve month 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.