SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Position Raised by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,583,785 shares of the company’s stock after purchasing an additional 39,233 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF comprises about 2.1% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 6th largest holding. Sigma Investment Counselors Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $40,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Richardson Financial Services Inc. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 91.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 4,640 shares of the company’s stock valued at $119,000 after acquiring an additional 2,216 shares during the last quarter. Ritholtz Wealth Management lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 29.9% during the third quarter. Ritholtz Wealth Management now owns 12,923 shares of the company’s stock valued at $331,000 after purchasing an additional 2,977 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 45.0% in the third quarter. Concurrent Investment Advisors LLC now owns 13,555 shares of the company’s stock worth $347,000 after purchasing an additional 4,205 shares during the last quarter. TD Private Client Wealth LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 52.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 192,048 shares of the company’s stock worth $4,916,000 after purchasing an additional 65,844 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,820,008 shares of the company’s stock worth $174,592,000 after purchasing an additional 178,965 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA SJNK opened at $25.45 on Friday. The business’s fifty day moving average price is $25.34 and its 200-day moving average price is $25.40. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $23.92 and a 1-year 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.