Empirical Financial Services LLC d.b.a. Empirical Wealth Management Trims Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 57.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,487,531 shares of the company’s stock after selling 2,034,773 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for about 0.6% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s investment portfolio, making the stock its 28th largest position. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned about 0.78% of SPDR Bloomberg Short Term High Yield Bond ETF worth $37,159,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 649,964.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,294,726 shares of the company’s stock worth $58,102,000 after purchasing an additional 2,294,373 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% during the 4th quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock valued at $178,993,000 after buying an additional 2,037,400 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock valued at $436,856,000 after buying an additional 1,319,118 shares in the last quarter. Shenkman Capital Management Inc. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% in the 4th quarter. Shenkman Capital Management Inc. now owns 1,443,140 shares of the company’s stock worth $37,539,000 after buying an additional 1,143,095 shares during the period. Finally, Jane Street Group LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter worth $12,512,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $24.88 on Tuesday. The stock has a fifty day simple moving average of $24.99 and a two-hundred day simple moving average of $25.13. The firm has a market capitalization of $4.88 billion, a PE ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $24.72 and a 52-week high of $25.65.

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.