GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,950,366 shares of the company’s stock, valued at approximately $168,546,000. SPDR Bloomberg Short Term High Yield Bond ETF comprises 4.0% of GRIMES & Co WEALTH MANAGEMENT LLC’s holdings, making the stock its 6th largest position.
Other large investors also recently modified their holdings of the company. First Bancorp Inc ME bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at about $28,000. Ashton Thomas Securities LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth about $50,000. Ascentis Independent Advisors bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter worth about $55,000. Continuum Advisory LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $58,000. Finally, Millstone Evans Group LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 206.8% during the first quarter. Millstone Evans Group LLC now owns 2,973 shares of the company’s stock valued at $74,000 after purchasing an additional 2,004 shares during the last quarter.
SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.7%
SJNK stock opened at $23.98 on Tuesday. The business has a 50 day moving average price of $24.41 and a two-hundred day moving average price of $24.89. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 0.90 and a beta of 0.30. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.98 and a twelve month high of $25.49.
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.
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