Cwm LLC Lowers Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Cwm LLC cut its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 16.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 389,100 shares of the company’s stock after selling 76,655 shares during the quarter. Cwm LLC owned approximately 0.20% of SPDR Bloomberg Short Term High Yield Bond ETF worth $9,961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth $36,000. First Horizon Advisors Inc. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 360.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,576 shares of the company’s stock worth $40,000 after buying an additional 1,234 shares during the period. Private Trust Co. NA increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% in the 3rd quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock worth $51,000 after buying an additional 400 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% during the second quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after acquiring an additional 519 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 10.2% in the third 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 in the last quarter.

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

NYSEARCA SJNK opened at $25.30 on Monday. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.92 and a twelve month high of $25.65. The business has a 50-day moving average price of $25.34 and a 200-day moving average price of $25.39. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31.

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.