GRIMES & Co WEALTH MANAGEMENT LLC Purchases 178,965 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,820,008 shares of the company’s stock after purchasing an additional 178,965 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF comprises about 4.3% of GRIMES & Co WEALTH MANAGEMENT LLC’s portfolio, making the stock its 3rd biggest holding. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $174,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SJNK. Bogart Wealth LLC raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 9.1% in the third quarter. Bogart Wealth LLC now owns 48,531 shares of the company’s stock worth $1,242,000 after acquiring an additional 4,054 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.6% in the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 299,375 shares of the company’s stock valued at $7,664,000 after purchasing an additional 18,591 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 93.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 655,000 shares of the company’s stock valued at $16,768,000 after acquiring an additional 317,000 shares during the period. MGO One Seven LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 17.5% in the 3rd quarter. MGO One Seven LLC now owns 82,606 shares of the company’s stock worth $2,115,000 after acquiring an additional 12,321 shares in the last quarter. Finally, Sonoma Allocations LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth $212,000.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK opened at $25.43 on Tuesday. The firm’s fifty day simple moving average is $25.32 and its two-hundred day simple moving average is $25.40. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.92 and a 52-week high of $25.65. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31.

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.