Assetmark Inc. Acquires 168,058 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Assetmark Inc. boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,475,556 shares of the company’s stock after buying an additional 168,058 shares during the period. Assetmark Inc. owned approximately 1.30% of SPDR Bloomberg Short Term High Yield Bond ETF worth $61,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SJNK. Tower Research Capital LLC TRC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 649,964.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,294,726 shares of the company’s stock valued at $58,102,000 after purchasing an additional 2,294,373 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% in the 4th quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock worth $178,993,000 after buying an additional 2,037,400 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the first quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after acquiring an additional 1,703,692 shares during the period. Shenkman Capital Management Inc. lifted its stake 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 purchasing an additional 1,143,095 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at approximately $12,512,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $24.92 on Friday. The stock has a 50 day moving average price of $24.98 and a 200-day moving average price of $25.12. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $24.72 and a one year high of $25.65.

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.