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

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

Other institutional investors and hedge funds have also recently made changes to their positions in the company. QP Wealth Management LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.3% during the 3rd quarter. QP Wealth Management LLC now owns 19,519 shares of the company’s stock worth $473,000 after acquiring an additional 435 shares during the last quarter. Capital Analysts LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 13.6% in the second quarter. Capital Analysts LLC now owns 4,304 shares of the company’s stock worth $108,000 after acquiring 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% in the first quarter. Sequoia Financial Advisors LLC now owns 24,667 shares of the company’s stock worth $616,000 after acquiring an additional 575 shares in the last quarter. Apollon Wealth Management LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 6.5% in the third quarter. Apollon Wealth Management LLC now owns 10,044 shares of the company’s stock worth $244,000 after acquiring an additional 616 shares in 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 third quarter. Sound Income Strategies LLC now owns 227,665 shares of the company’s stock valued at $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%

SJNK opened at $24.09 on Friday. The business’s fifty day simple moving average is $24.36 and its 200 day simple moving average is $24.87. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.97 and a 52 week high of $25.49. The stock has a market cap of $4.35 billion, a PE ratio of 0.90 and a beta of 0.31.

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.