Berkshire Money Management Inc. Sells 34,433 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Berkshire Money Management Inc. lowered its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,633,614 shares of the company’s stock after selling 34,433 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up approximately 4.4% of Berkshire Money Management Inc.’s holdings, making the stock its 8th biggest holding. Berkshire Money Management Inc. owned approximately 0.87% of SPDR Bloomberg Short Term High Yield Bond ETF worth $41,624,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 48.8% in the first quarter. Ameriprise Financial Inc. now owns 18,679,447 shares of the company’s stock valued at $474,132,000 after buying an additional 6,124,456 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,145,151 shares of the company’s stock worth $80,138,000 after acquiring an additional 141,129 shares during the last quarter. DAVENPORT & Co LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 5.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 540,980 shares of the company’s stock valued at $13,784,000 after acquiring an additional 25,850 shares in the last quarter. Curran Financial Partners LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.3% in the second quarter. Curran Financial Partners LLC now owns 528,055 shares of the company’s stock worth $13,455,000 after acquiring an additional 21,918 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 18.7% in the second quarter. Janney Montgomery Scott LLC now owns 453,004 shares of the company’s stock worth $11,543,000 after acquiring an additional 71,336 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK stock opened at $25.46 on Monday. The stock has a market capitalization of $4.96 billion, a PE ratio of 0.90 and a beta of 0.36. The company has a 50 day moving average price of $25.48 and a 200 day moving average price of $25.22. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $23.92 and a fifty-two week high of $25.70.

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.