SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Stock: Essex LLC Decreases Stake

Essex LLC lowered its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 974,585 shares of the company’s stock after selling 32,048 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF comprises about 3.3% of Essex LLC’s portfolio, making the stock its 8th largest position. Essex LLC owned about 0.54% of SPDR Bloomberg Short Term High Yield Bond ETF worth $23,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the first quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after buying an additional 1,703,692 shares during the period. Envestnet Asset Management Inc. grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 15.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,717,476 shares of the company’s stock valued at $68,018,000 after buying an additional 365,297 shares in the last quarter. Assetmark Inc. lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% during the first quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock worth $61,839,000 after acquiring an additional 168,058 shares in the last quarter. Angeles Wealth Management LLC lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.7% during the second quarter. Angeles Wealth Management LLC now owns 1,106,976 shares of the company’s stock worth $27,708,000 after acquiring an additional 18,620 shares in the last quarter. Finally, Mason & Associates Inc raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 0.6% during the 2nd quarter. Mason & Associates Inc now owns 634,715 shares of the company’s stock valued at $15,887,000 after purchasing an additional 3,974 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.4%

Shares of SPDR Bloomberg Short Term High Yield Bond ETF stock traded down $0.09 on Wednesday, reaching $24.10. The stock had a trading volume of 5,307,891 shares, compared to its average volume of 3,291,315. The business’s 50 day moving average is $24.62 and its two-hundred day moving average is $24.86. The company has a market cap of $4.38 billion, a P/E ratio of 0.90 and a beta of 0.30. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.99 and a 1 year high of $25.58.

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.