Prevail Innovative Wealth Advisors LLC Grows Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Prevail Innovative Wealth Advisors LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 161.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 238,174 shares of the company’s stock after purchasing an additional 147,185 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 1.1% of Prevail Innovative Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Prevail Innovative Wealth Advisors LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $6,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SJNK. NewEdge Advisors LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the 1st quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock worth $838,000 after buying an additional 469 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $36,000. Peapack Gladstone Financial Corp boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.1% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,510 shares of the company’s stock worth $701,000 after buying an additional 1,585 shares in the last quarter. Bank of America Corp DE boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% in the 2nd quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock worth $71,089,000 after buying an additional 287,647 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 worth $96,000 after buying an additional 519 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.4%

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $25.01 on Thursday. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $24.72 and a 52 week high of $25.65. The firm’s 50-day simple moving average is $25.02 and its 200 day simple moving average is $25.21. The firm has a market capitalization of $4.77 billion, a PE ratio of 0.90 and a beta of 0.29.

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.