Caldwell Trust Co Buys New Shares in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Caldwell Trust Co purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 327,382 shares of the company’s stock, valued at approximately $8,342,000. Caldwell Trust Co owned 0.17% of SPDR Bloomberg Short Term High Yield Bond ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 48.8% in the 1st quarter. Ameriprise Financial Inc. now owns 18,679,447 shares of the company’s stock worth $474,132,000 after buying an additional 6,124,456 shares during the period. Wealthfront Advisers LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 6.5% during the second quarter. Wealthfront Advisers LLC now owns 3,479,826 shares of the company’s stock valued at $88,666,000 after acquiring an additional 212,167 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,145,151 shares of the company’s stock worth $80,138,000 after acquiring an additional 141,129 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% in the 2nd quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock worth $71,089,000 after purchasing an additional 287,647 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,741,395 shares of the company’s stock worth $69,626,000 after purchasing an additional 71,029 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA SJNK opened at $25.33 on Monday. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $23.92 and a 1-year high of $25.65. The firm has a market capitalization of $5.31 billion, a P/E ratio of 0.90 and a beta of 0.31. The business’s 50-day simple moving average is $25.36 and its 200-day simple moving average is $25.38.

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.