Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stake in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 4.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,145,151 shares of the company’s stock after buying an additional 141,129 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 1.8% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings, making the stock its 13th biggest position. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $80,138,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SJNK. SVB Wealth LLC purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 1st quarter valued at approximately $44,000. Proathlete Wealth Management LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 1st quarter valued at $48,000. Parallel Advisors LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 16,214.3% in the 1st quarter. Parallel Advisors LLC now owns 5,710 shares of the company’s stock valued at $144,000 after acquiring an additional 5,675 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 11.8% in the 1st quarter. Farther Finance Advisors LLC now owns 6,517 shares of the company’s stock valued at $163,000 after acquiring an additional 690 shares during the last quarter. Finally, Summit Financial LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 1st quarter valued at $270,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK opened at $25.49 on Friday. The stock has a fifty day moving average of $25.48 and a two-hundred day moving average of $25.22. The company has a market capitalization of $4.82 billion, a PE ratio of 0.90 and a beta of 0.36. 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.

About SPDR Bloomberg Short Term High Yield Bond ETF

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.