Bank of New York Mellon Corp Trims Stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

Bank of New York Mellon Corp reduced its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 7.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,492,593 shares of the company’s stock after selling 112,948 shares during the period. Bank of New York Mellon Corp owned 0.93% of SPDR Bloomberg Short Term High Yield Bond ETF worth $37,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SJNK. Rosenberg Matthew Hamilton raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the 1st quarter. Rosenberg Matthew Hamilton now owns 58,675 shares of the company’s stock valued at $1,476,000 after acquiring an additional 416 shares during the last quarter. Farther Finance Advisors LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 11.8% during the 1st quarter. Farther Finance Advisors LLC now owns 6,517 shares of the company’s stock valued at $163,000 after acquiring an additional 690 shares during the last quarter. Private Trust Co. NA raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 3.1% during the 1st quarter. Private Trust Co. NA now owns 28,052 shares of the company’s stock valued at $706,000 after acquiring an additional 846 shares during the last quarter. SouthState Corp purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at approximately $29,000. Finally, Ameriflex Group Inc. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at approximately $30,000.

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

SJNK opened at $25.34 on Tuesday. The business has a 50 day moving average price of $25.20 and a two-hundred day moving average price of $25.20. The company has a market cap of $4.72 billion, a PE ratio of 0.90 and a beta of 0.36. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.92 and a 52 week high of $25.77.

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.