265,000 SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 88.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,000 shares of the company’s stock after purchasing an additional 265,000 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.31% of SPDR Bloomberg Short Term High Yield Bond ETF worth $13,701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. QP Wealth Management LLC raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.3% in the third quarter. QP Wealth Management LLC now owns 19,519 shares of the company’s stock worth $473,000 after buying an additional 435 shares in the last quarter. Capital Analysts LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 13.6% during the second quarter. Capital Analysts LLC now owns 4,304 shares of the company’s stock worth $108,000 after buying an additional 516 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 2.4% during the first quarter. Sequoia Financial Advisors LLC now owns 24,667 shares of the company’s stock worth $616,000 after buying an additional 575 shares in the last quarter. Apollon Wealth Management LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 6.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 10,044 shares of the company’s stock worth $244,000 after acquiring an additional 616 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 0.3% in the 3rd quarter. Sound Income Strategies LLC now owns 227,665 shares of the company’s stock worth $5,505,000 after acquiring an additional 668 shares during the last quarter.

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

Shares of NYSEARCA SJNK opened at $24.09 on Friday. The stock’s 50-day simple moving average is $24.36 and its two-hundred day simple moving average is $24.87. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.97 and a twelve month high of $25.49. The firm has a market capitalization of $4.35 billion, a P/E ratio of 0.90 and a beta of 0.31.

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.