Angeles Wealth Management LLC Acquires 71,186 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Angeles Wealth Management LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,088,356 shares of the company’s stock after purchasing an additional 71,186 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF makes up 1.5% of Angeles Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Angeles Wealth Management LLC owned about 0.57% of SPDR Bloomberg Short Term High Yield Bond ETF worth $27,187,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SJNK. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of 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 worth $25,000 after buying an additional 250,000 shares in the last quarter. City Holding Co. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at $32,000. Franklin Resources Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at $36,000. Ascentis Independent Advisors bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter valued at $55,000. Finally, Private Wealth Asset Management LLC grew its position in 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 acquiring an additional 1,500 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $24.94 on Friday. The stock has a fifty day moving average price of $24.99 and a two-hundred day moving average price of $25.12. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $24.72 and a 52-week high of $25.65. The firm has a market capitalization of $4.92 billion, a P/E 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.