Diversify Advisory Services LLC Sells 24,673 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Diversify Advisory Services LLC lowered its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,349 shares of the company’s stock after selling 24,673 shares during the period. Diversify Advisory Services LLC owned 0.06% of SPDR Bloomberg Short Term High Yield Bond ETF worth $3,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SJNK. iA Global Asset Management Inc. raised its stake in shares of 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 purchasing an additional 2,612,700 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of 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 worth $436,856,000 after purchasing an additional 1,319,118 shares in the last quarter. American Century Companies Inc. raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2,175.2% during the 3rd quarter. American Century Companies Inc. now owns 1,017,017 shares of the company’s stock worth $26,036,000 after purchasing an additional 972,317 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter worth approximately $19,200,000. Finally, DAVENPORT & Co LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,074,322 shares of the company’s stock worth $27,503,000 after purchasing an additional 533,342 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $25.03 on Friday. The firm’s 50-day moving average is $25.10 and its 200-day moving average is $25.28. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 0.90 and a beta of 0.30. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $24.22 and a 52-week high of $25.65.

SPDR Bloomberg Short Term High Yield Bond ETF Company 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.