Ocean Park Asset Management LLC Cuts Stake in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Ocean Park Asset Management LLC lowered its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 65.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 654,600 shares of the company’s stock after selling 1,259,300 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF accounts for 0.8% of Ocean Park Asset Management LLC’s holdings, making the stock its 23rd largest position. Ocean Park Asset Management LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $16,352,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock worth $25,000 after acquiring an additional 250,000 shares during the last quarter. Ameriflex Group Inc. grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% during the third quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock valued at $30,000 after acquiring an additional 970 shares in the last quarter. City Holding Co. bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at $32,000. Franklin Resources Inc. bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at $36,000. Finally, Private Wealth Asset Management LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% in the 4th quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock worth $61,000 after purchasing an additional 1,500 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK stock opened at $25.04 on Monday. The company’s fifty day simple moving average is $25.06 and its two-hundred day simple moving average is $25.17. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $24.72 and a 52 week high of $25.65. The stock has a market cap of $4.78 billion, a P/E ratio of 0.90 and a beta of 0.29.

About SPDR Bloomberg Short Term High Yield Bond ETF

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.