Benchmark Financial LLC Grows Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Benchmark Financial LLC raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 14.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,518 shares of the company’s stock after acquiring an additional 25,022 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF makes up approximately 4.3% of Benchmark Financial LLC’s holdings, making the stock its 8th biggest holding. Benchmark Financial LLC owned approximately 0.10% of SPDR Bloomberg Short Term High Yield Bond ETF worth $4,834,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock valued at $436,856,000 after purchasing an additional 1,319,118 shares in the last quarter. iA Global Asset Management Inc. raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% during the fourth quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock valued at $178,993,000 after purchasing an additional 2,037,400 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,868,188 shares of the company’s stock valued at $173,903,000 after purchasing an additional 48,180 shares in the last quarter. LPL Financial LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock valued at $153,052,000 after purchasing an additional 270,066 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 8.8% during the fourth quarter. Wealthfront Advisers LLC now owns 3,661,594 shares of the company’s stock valued at $92,712,000 after purchasing an additional 294,810 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of NYSEARCA:SJNK opened at $25.01 on Friday. 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 capitalization of $4.77 billion, a P/E ratio of 0.90 and a beta of 0.29. The firm has a fifty day simple moving average of $25.05 and a two-hundred day simple moving average of $25.16.

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.