Sage Investment Advisers LLC Makes New $1.65 Million Investment in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Sage Investment Advisers LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,123 shares of the company’s stock, valued at approximately $1,649,000. SPDR Bloomberg Short Term High Yield Bond ETF makes up about 1.2% of Sage Investment Advisers LLC’s investment portfolio, making the stock its 25th largest holding.

Other large investors 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% during the third quarter. Envestnet Asset Management Inc. now owns 2,814,275 shares of the company’s stock worth $72,045,000 after purchasing an additional 72,880 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 539,982 shares of the company’s stock worth $13,824,000 after purchasing an additional 120,533 shares in the last quarter. Altus Wealth Management LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 29.5% during the fourth quarter. Altus Wealth Management LLC now owns 119,388 shares of the company’s stock worth $3,023,000 after purchasing an additional 27,172 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 48.6% during the third quarter. Prevail Innovative Wealth Advisors LLC now owns 90,989 shares of the company’s stock worth $2,329,000 after purchasing an additional 29,767 shares in the last quarter. Finally, AA Financial Advisors LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 197.6% during the fourth quarter. AA Financial Advisors LLC now owns 108,728 shares of the company’s stock worth $2,753,000 after purchasing an additional 72,187 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of NYSEARCA SJNK opened at $25.14 on Monday. The stock has a market cap of $4.80 billion, a P/E 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. The business’s fifty day simple moving average is $25.04 and its 200-day simple moving average is $25.20.

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.