Estate Counselors LLC Makes New Investment in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Estate Counselors LLC acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 419,685 shares of the company’s stock, valued at approximately $10,744,000. SPDR Bloomberg Short Term High Yield Bond ETF comprises approximately 0.9% of Estate Counselors LLC’s holdings, making the stock its 17th largest position. Estate Counselors LLC owned approximately 0.20% of SPDR Bloomberg Short Term High Yield Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SJNK. Global Assets Advisory LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 22.6% in the third quarter. Global Assets Advisory LLC now owns 214,523 shares of the company’s stock valued at $5,492,000 after purchasing an additional 39,557 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter valued at approximately $19,200,000. Drive Wealth Management LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter valued at approximately $3,113,000. RMG Wealth Management LLC boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.3% during the 3rd quarter. RMG Wealth Management LLC now owns 2,659,598 shares of the company’s stock valued at $67,580,000 after buying an additional 203,885 shares during the last quarter. Finally, Rossmore Private Capital acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth approximately $115,000.

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

Shares of NYSEARCA:SJNK opened at $25.45 on Monday. The firm has a market cap of $5.32 billion, a PE ratio of 0.90 and a beta of 0.31. The company has a fifty day simple moving average of $25.35 and a 200 day simple moving average of $25.40. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.92 and a 12-month 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.