Sowell Financial Services LLC Buys 206,388 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Sowell Financial Services LLC grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 103.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 406,160 shares of the company’s stock after buying an additional 206,388 shares during the quarter. Sowell Financial Services LLC owned 0.22% of SPDR Bloomberg Short Term High Yield Bond ETF worth $9,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the first quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock worth $134,025,000 after acquiring an additional 1,703,692 shares during the period. Envestnet Asset Management Inc. raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 15.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,717,476 shares of the company’s stock valued at $68,018,000 after acquiring an additional 365,297 shares in the last quarter. Assetmark Inc. raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% during the first quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock valued at $61,839,000 after acquiring an additional 168,058 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 1.7% in the second quarter. Angeles Wealth Management LLC now owns 1,106,976 shares of the company’s stock valued at $27,708,000 after acquiring an additional 18,620 shares during the period. Finally, Essex LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 1.9% in the first quarter. Essex LLC now owns 857,935 shares of the company’s stock valued at $21,431,000 after acquiring an additional 16,182 shares during the period.

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

Shares of NYSEARCA:SJNK opened at $24.05 on Wednesday. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.99 and a 12-month high of $25.58. The business has a 50 day moving average of $24.54 and a two-hundred day moving average of $24.83. The company has a market capitalization of $4.39 billion, a PE ratio of 0.90 and a beta of 0.30.

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.