M Holdings Securities Inc. Acquires 33,900 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

M Holdings Securities Inc. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 33,900 shares of the company’s stock, valued at approximately $817,000.

A number of other large investors have also recently bought and sold shares of SJNK. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth $168,546,000. Wealthfront Advisers LLC raised its holdings 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 in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,717,476 shares of the company’s stock worth $68,018,000 after buying an additional 365,297 shares during the last quarter. Assetmark Inc. lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% in the first quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock worth $61,839,000 after buying an additional 168,058 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.7% in the second quarter. Angeles Wealth Management LLC now owns 1,106,976 shares of the company’s stock worth $27,708,000 after buying an additional 18,620 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK opened at $24.08 on Wednesday. The company has a market cap of $4.34 billion, a PE ratio of 0.90 and a beta of 0.31. The stock has a 50-day moving average of $24.32 and a 200-day moving average of $24.85. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.97 and a 52-week high of $25.49.

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.