Baker Avenue Asset Management LP Decreases Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Baker Avenue Asset Management LP lowered its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 40.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 146,999 shares of the company’s stock after selling 100,631 shares during the period. Baker Avenue Asset Management LP owned approximately 0.07% of SPDR Bloomberg Short Term High Yield Bond ETF worth $3,722,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake 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 during the last quarter. Ameriflex Group Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% in the 3rd quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock worth $30,000 after purchasing an additional 970 shares during the period. City Holding Co. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at $32,000. Franklin Resources Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at $36,000. Finally, Ashton Thomas Securities LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at about $65,000.

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

Shares of SJNK opened at $25.11 on Friday. The business has a 50-day simple moving average of $25.04 and a two-hundred day simple moving average of $25.21. 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 stock has a market cap of $4.79 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.