Diversify Wealth Management LLC Purchases New Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Diversify Wealth Management LLC purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 79,310 shares of the company’s stock, valued at approximately $1,993,000.

Several other large investors have also recently added to or reduced their stakes in SJNK. Mitsubishi UFJ Trust & Banking Corp raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock valued at $25,000 after purchasing an additional 250,000 shares during the last quarter. City Holding Co. bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth $32,000. Franklin Resources Inc. bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $36,000. Ascentis Independent Advisors acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter valued at $55,000. Finally, Private Wealth Asset Management LLC increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% in the fourth quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock valued at $61,000 after buying an additional 1,500 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.1%

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $24.88 on Tuesday. The stock has a 50-day simple moving average of $24.99 and a 200 day simple moving average of $25.13. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $24.72 and a 12-month high of $25.65. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29.

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.