AMJ Financial Wealth Management Takes Position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

AMJ Financial Wealth Management purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 491,391 shares of the company’s stock, valued at approximately $12,408,000. SPDR Bloomberg Short Term High Yield Bond ETF accounts for about 3.4% of AMJ Financial Wealth Management’s investment portfolio, making the stock its 3rd biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.3% in the third quarter. Private Trust Co. NA now owns 1,878 shares of the company’s stock valued at $48,000 after buying an additional 931 shares during the period. BNP Paribas Financial Markets acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter valued at $138,000. ADG Wealth Management Group LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at $202,000. Captrust Financial Advisors grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.2% during the 3rd quarter. Captrust Financial Advisors now owns 10,404 shares of the company’s stock worth $268,000 after purchasing an additional 698 shares in the last quarter. Finally, Gradient Capital Advisors LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 10.8% during the 4th quarter. Gradient Capital Advisors LLC now owns 12,452 shares of the company’s stock worth $314,000 after purchasing an additional 1,211 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.9 %

SJNK stock opened at $25.42 on Tuesday. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $24.67 and a 52 week high of $25.77. The business has a 50-day simple moving average of $25.45 and a 200 day simple moving average of $25.48. The company has a market cap of $5.01 billion, a PE ratio of 0.93 and a beta of 0.36.

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.