B. Riley Wealth Advisors Inc. Makes New Investment in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

B. Riley Wealth Advisors Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the third quarter, HoldingsChannel reports. The institutional investor purchased 29,601 shares of the company’s stock, valued at approximately $758,000.

Several other institutional investors and hedge funds have also made changes to their positions in SJNK. Root Financial Partners LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter worth $35,000. Franklin Resources Inc. acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $36,000. First Horizon Advisors Inc. boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 360.8% in the second quarter. First Horizon Advisors Inc. now owns 1,576 shares of the company’s stock valued at $40,000 after buying an additional 1,234 shares during the last quarter. Private Trust Co. NA lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% during the 3rd quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock valued at $51,000 after acquiring an additional 400 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after acquiring an additional 519 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $25.46 on Wednesday. The stock has a market cap of $5.34 billion, a PE ratio of 0.90 and a beta of 0.31. The firm has a fifty day moving average price of $25.36 and a 200 day moving average price of $25.41. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.92 and a 1 year high of $25.65.

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.