RiverFront Investment Group LLC Trims Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

RiverFront Investment Group LLC cut its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 14.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 351,851 shares of the company’s stock after selling 58,271 shares during the quarter. RiverFront Investment Group LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $8,909,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SJNK. 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 worth $838,000 after buying an additional 469 shares during the period. Franklin Resources Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $36,000. Peapack Gladstone Financial Corp lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 6.1% during the second quarter. Peapack Gladstone Financial Corp now owns 27,510 shares of the company’s stock worth $701,000 after buying an additional 1,585 shares during the period. Bank of America Corp DE raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% in the 2nd quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock worth $71,089,000 after purchasing an additional 287,647 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock worth $96,000 after purchasing an additional 519 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $24.92 on Monday. The stock’s 50-day moving average is $25.03 and its 200-day moving average is $25.23. The company has a market cap of $4.76 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 12 month low of $24.72 and a 12 month high of $25.65.

SPDR Bloomberg Short Term High Yield Bond ETF Company 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.