Ocean Park Asset Management LLC Sells 1,259,300 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Ocean Park Asset Management LLC lessened its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 65.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 654,600 shares of the company’s stock after selling 1,259,300 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up 0.8% of Ocean Park Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Ocean Park Asset Management LLC owned 0.35% of SPDR Bloomberg Short Term High Yield Bond ETF worth $16,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. O Shaughnessy Asset Management LLC increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 22,454 shares of the company’s stock worth $569,000 after purchasing an additional 457 shares in the last quarter. NewEdge Advisors LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% during the first quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock valued at $838,000 after purchasing an additional 469 shares in the last quarter. Insight 2811 Inc. lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% during the fourth quarter. Insight 2811 Inc. now owns 36,659 shares of the company’s stock valued at $928,000 after purchasing an additional 501 shares in the last quarter. Commonwealth Financial Services LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 4.8% during the fourth quarter. Commonwealth Financial Services LLC now owns 10,890 shares of the company’s stock valued at $276,000 after purchasing an additional 503 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 5.4% during the fourth quarter. Meridian Wealth Management LLC now owns 9,961 shares of the company’s stock valued at $252,000 after purchasing an additional 509 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK opened at $25.04 on Monday. The business has a 50-day simple moving average of $25.06 and a two-hundred day simple moving average of $25.17. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $24.72 and a 52 week high of $25.65.

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.