Echo45 Advisors LLC Trims Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Echo45 Advisors LLC lowered its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 42.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 193,153 shares of the company’s stock after selling 144,917 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF comprises approximately 2.8% of Echo45 Advisors LLC’s holdings, making the stock its 11th largest position. Echo45 Advisors LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% in the third quarter. Envestnet Asset Management Inc. now owns 2,814,275 shares of the company’s stock valued at $72,045,000 after buying an additional 72,880 shares during the last quarter. Altus Wealth Management LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 29.5% in the fourth quarter. Altus Wealth Management LLC now owns 119,388 shares of the company’s stock valued at $3,023,000 after buying an additional 27,172 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% in the third quarter. JPMorgan Chase & Co. now owns 539,982 shares of the company’s stock valued at $13,824,000 after buying an additional 120,533 shares during the last quarter. Park Avenue Securities LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 10.7% in the fourth quarter. Park Avenue Securities LLC now owns 512,915 shares of the company’s stock valued at $12,987,000 after buying an additional 49,449 shares during the last quarter. Finally, Curran Financial Partners LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 7.6% in the fourth quarter. Curran Financial Partners LLC now owns 626,985 shares of the company’s stock valued at $15,875,000 after buying an additional 44,051 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Up 0.0%

Shares of NYSEARCA SJNK opened at $25.02 on Friday. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $24.72 and a twelve month high of $25.65. The stock has a 50 day moving average of $25.02 and a two-hundred day moving average of $25.21. The stock has a market cap of $4.78 billion, a P/E ratio of 0.90 and a beta of 0.29.

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.