Guardian Wealth Advisors LLC Cuts Stake in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Guardian Wealth Advisors LLC lessened its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 82.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,515 shares of the company’s stock after selling 114,040 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. iA Global Asset Management Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% in the third quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock valued at $128,815,000 after buying an additional 2,612,700 shares in the last quarter. RMG Wealth Management LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth approximately $62,337,000. Allspring Global Investments Holdings LLC acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at approximately $22,117,000. Quadrature Capital Ltd purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $15,753,000. Finally, DAVENPORT & Co LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.6% during the third quarter. DAVENPORT & Co LLC now owns 1,074,322 shares of the company’s stock valued at $27,503,000 after purchasing an additional 533,342 shares during the period.

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

Shares of SJNK stock opened at $25.47 on Friday. The firm has a fifty day simple moving average of $25.35 and a 200-day simple moving average of $25.40. The company has a market capitalization of $5.31 billion, a PE ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $23.92 and a twelve month high of $25.65.

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.