Cane Capital Partners LLC Purchases Shares of 27,149 SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Cane Capital Partners LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 27,149 shares of the company’s stock, valued at approximately $687,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock valued at $436,856,000 after purchasing an additional 1,319,118 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,820,008 shares of the company’s stock valued at $174,592,000 after acquiring an additional 178,965 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% during the 3rd quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock worth $128,815,000 after acquiring an additional 2,612,700 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,522,304 shares of the company’s stock worth $89,185,000 after acquiring an additional 211,827 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 1.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 2,921,272 shares of the company’s stock worth $74,785,000 after acquiring an additional 54,370 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK opened at $24.96 on Wednesday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The firm’s fifty day moving average price is $25.12 and its two-hundred day moving average price is $25.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $23.93 and a 1 year 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.