DAVENPORT & Co LLC Increases Stake in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

DAVENPORT & Co LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 98.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,074,322 shares of the company’s stock after purchasing an additional 533,342 shares during the period. DAVENPORT & Co LLC owned about 0.55% of SPDR Bloomberg Short Term High Yield Bond ETF worth $27,503,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SJNK. Ironwood Wealth Management Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.6% during the third quarter. Ironwood Wealth Management Inc. now owns 328,128 shares of the company’s stock valued at $8,269,000 after buying an additional 5,235 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 10.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,902 shares of the company’s stock valued at $151,000 after acquiring an additional 546 shares during the period. Berkshire Money Management Inc. grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 4.4% during the 3rd quarter. Berkshire Money Management Inc. now owns 1,705,063 shares of the company’s stock worth $43,650,000 after acquiring an additional 71,449 shares during the last quarter. AA Financial Advisors LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 7.6% during the 3rd quarter. AA Financial Advisors LLC now owns 36,541 shares of the company’s stock worth $935,000 after acquiring an additional 2,579 shares during the last quarter. Finally, Hutchinson Financial Advisors INC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter worth approximately $399,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $25.32 on Thursday. The company has a market capitalization of $5.31 billion, a P/E ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $23.92 and a fifty-two week high of $25.65. The stock has a 50 day moving average price of $25.35 and a two-hundred day moving average price of $25.39.

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.