Advisors Capital Management LLC Has $42.53 Million Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Advisors Capital Management LLC boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 5.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,669,016 shares of the company’s stock after buying an additional 92,010 shares during the period. Advisors Capital Management LLC owned approximately 0.89% of SPDR Bloomberg Short Term High Yield Bond ETF worth $42,527,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 16.0% during the first quarter. SBI Securities Co. Ltd. now owns 19,612 shares of the company’s stock worth $493,000 after buying an additional 2,711 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter valued at about $1,997,000. Valley Wealth Managers Inc. boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 10.0% during the first quarter. Valley Wealth Managers Inc. now owns 19,484 shares of the company’s stock valued at $490,000 after purchasing an additional 1,769 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 18.8% during the first quarter. Arkadios Wealth Advisors now owns 22,881 shares of the company’s stock worth $576,000 after purchasing an additional 3,622 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 9.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 12,177 shares of the company’s stock valued at $306,000 after buying an additional 1,075 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK opened at $25.24 on Friday. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $23.92 and a fifty-two week high of $25.70. The company’s 50 day moving average price is $25.45 and its two-hundred day moving average price is $25.34. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Company 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.