iA Global Asset Management Inc. Purchases 2,612,700 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

iA Global Asset Management Inc. lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 108.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,031,836 shares of the company’s stock after purchasing an additional 2,612,700 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up 1.8% of iA Global Asset Management Inc.’s investment portfolio, making the stock its 9th biggest holding. iA Global Asset Management Inc. owned about 2.45% of SPDR Bloomberg Short Term High Yield Bond ETF worth $128,815,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at approximately $35,000. Franklin Resources Inc. acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at $36,000. First Horizon Advisors Inc. raised its position 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 valued at $40,000 after purchasing an additional 1,234 shares during the last quarter. Private Trust Co. NA boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% during the 3rd quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock worth $96,000 after purchasing an additional 519 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA SJNK opened at $25.47 on Friday. The firm’s fifty day moving average is $25.35 and its two-hundred day moving average is $25.40. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.92 and a one year high of $25.65. The firm has a market cap of $5.31 billion, a PE 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.