47,436 SPDR Bloomberg Short Term High Yield Bond ETF $SJNK Shares Bought by KG Capital Management

KG Capital Management boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 47.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 146,432 shares of the company’s stock after acquiring an additional 47,436 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for approximately 2.3% of KG Capital Management’s portfolio, making the stock its 10th largest holding. KG Capital Management owned approximately 0.08% of SPDR Bloomberg Short Term High Yield Bond ETF worth $3,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% during the second quarter. NewEdge Advisors LLC now owns 310,422 shares of the company’s stock worth $7,770,000 after purchasing an additional 69,152 shares during the period. Moulton Wealth Management Inc. increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 32.7% in the second quarter. Moulton Wealth Management Inc. now owns 245,850 shares of the company’s stock worth $6,119,000 after purchasing an additional 60,542 shares in the last quarter. WT Wealth Management raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 48.2% in the first quarter. WT Wealth Management now owns 85,496 shares of the company’s stock valued at $2,136,000 after purchasing an additional 27,810 shares during the period. Mason & Associates Inc raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.4% in the first quarter. Mason & Associates Inc now owns 630,741 shares of the company’s stock valued at $15,636,000 after purchasing an additional 43,313 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at approximately $1,110,000.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.4%

Shares of SJNK stock opened at $24.10 on Thursday. The stock has a market capitalization of $4.38 billion, a P/E ratio of 0.90 and a beta of 0.30. The firm’s 50 day moving average is $24.60 and its 200 day moving average is $24.85. SPDR Bloomberg Short Term High Yield Bond ETF has a 12 month low of $23.99 and a 12 month high of $25.58.

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.