iA Global Asset Management Inc. Reduces Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

iA Global Asset Management Inc. lessened its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 41.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,154,736 shares of the company’s stock after selling 2,914,500 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up 1.5% of iA Global Asset Management Inc.’s holdings, making the stock its 12th largest holding. iA Global Asset Management Inc. owned about 2.25% of SPDR Bloomberg Short Term High Yield Bond ETF worth $103,785,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SJNK. Private Wealth Group LLC lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.8% during the first quarter. Private Wealth Group LLC now owns 51,791 shares of the company’s stock worth $1,294,000 after purchasing an additional 2,368 shares during the last quarter. Caldwell Trust Co grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 5.9% in the first quarter. Caldwell Trust Co now owns 374,375 shares of the company’s stock worth $9,352,000 after purchasing an additional 20,836 shares during the last quarter. Benchmark Financial LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 14.9% in the first quarter. Benchmark Financial LLC now owns 193,518 shares of the company’s stock worth $4,834,000 after purchasing an additional 25,022 shares during the last quarter. Narus Financial Partners LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 11.1% in the 1st quarter. Narus Financial Partners LLC now owns 36,560 shares of the company’s stock worth $913,000 after buying an additional 3,666 shares during the period. Finally, WT Wealth Management increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 48.2% in the 1st quarter. WT Wealth Management now owns 85,496 shares of the company’s stock worth $2,136,000 after buying an additional 27,810 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK opened at $25.03 on Wednesday. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $24.72 and a 1-year high of $25.65. The company has a 50-day moving average of $25.04 and a 200 day moving average of $25.15. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29.

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.