Sowell Financial Services LLC Boosts Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Sowell Financial Services LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 93.8% during the third quarter, Holdings Channel.com reports. The firm owned 154,089 shares of the company’s stock after purchasing an additional 74,594 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $3,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Moss Adams Wealth Advisors LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.5% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 16,644 shares of the company’s stock valued at $424,000 after buying an additional 400 shares during the period. Chesley Taft & Associates LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 1.1% during the third quarter. Chesley Taft & Associates LLC now owns 35,950 shares of the company’s stock worth $920,000 after acquiring an additional 400 shares during the period. Private Trust Co. NA raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% in the third quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock worth $51,000 after acquiring an additional 400 shares in the last quarter. Friedenthal Financial lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 3.7% in the second quarter. Friedenthal Financial now owns 11,712 shares of the company’s stock valued at $298,000 after acquiring an additional 419 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% during the 2nd quarter. International Assets Investment Management LLC now owns 32,599 shares of the company’s stock worth $831,000 after purchasing an additional 439 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.1%

NYSEARCA:SJNK opened at $25.30 on Friday. The firm’s fifty day simple moving average is $25.34 and its 200-day simple moving average is $25.39. The stock has a market cap of $5.31 billion, a PE ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $23.92 and a fifty-two week high of $25.65.

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.