FinArc Investments Inc. Invests $731,000 in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

FinArc Investments Inc. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 29,281 shares of the company’s stock, valued at approximately $731,000.

A number of other institutional investors have also recently modified their holdings of the business. iA Global Asset Management Inc. raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% in the fourth quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock worth $178,993,000 after acquiring an additional 2,037,400 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,868,188 shares of the company’s stock worth $173,903,000 after purchasing an additional 48,180 shares in the last quarter. LPL Financial LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock worth $153,052,000 after purchasing an additional 270,066 shares in the last quarter. Wealthfront Advisers LLC grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the 1st quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock worth $134,025,000 after purchasing an additional 1,703,692 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,522,304 shares of the company’s stock worth $89,185,000 after purchasing an additional 211,827 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.3%

Shares of SJNK opened at $24.85 on Friday. 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 company has a 50-day simple moving average of $24.96 and a 200-day simple moving average of $25.08. The company has a market capitalization of $4.88 billion, a PE ratio of 0.90 and a beta of 0.29.

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.