Raleigh Capital Management Inc. cut its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Free Report) by 54.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,472 shares of the company’s stock after selling 1,773 shares during the quarter. Raleigh Capital Management Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $37,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. KLK Capital Management LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the 4th quarter. KLK Capital Management LLC now owns 67,016 shares of the company’s stock worth $1,624,000 after buying an additional 445 shares during the period. IHT Wealth Management LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 5.3% during the 1st quarter. IHT Wealth Management LLC now owns 12,406 shares of the company’s stock worth $326,000 after buying an additional 619 shares during the period. Coppell Advisory Solutions LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 3.0% during the 1st quarter. Coppell Advisory Solutions LLC now owns 26,764 shares of the company’s stock worth $659,000 after buying an additional 790 shares during the period. Valicenti Advisory Services Inc. raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.6% in the 1st quarter. Valicenti Advisory Services Inc. now owns 51,440 shares of the company’s stock valued at $1,278,000 after purchasing an additional 830 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 144,775 shares of the company’s stock valued at $3,443,000 after purchasing an additional 1,537 shares during the period.
SPDR Bloomberg Short Term High Yield Bond ETF Price Performance
SJNK opened at $24.69 on Friday. The business’s 50-day moving average price is $24.65 and its two-hundred day moving average price is $24.56. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.47 and a 1 year high of $25.23. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 27.58 and a beta of 0.36.
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.
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