BTS Asset Management Inc. Invests $317,000 in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

BTS Asset Management Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,535 shares of the company’s stock, valued at approximately $317,000. SPDR Bloomberg Short Term High Yield Bond ETF makes up 0.3% of BTS Asset Management Inc.’s holdings, making the stock its 26th largest holding.

A number of other institutional investors have also modified their holdings of SJNK. JPMorgan Chase & Co. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 56.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,719,688 shares of the company’s stock valued at $44,282,000 after acquiring an additional 621,928 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 24.1% in the 3rd quarter. iA Global Asset Management Inc. now owns 1,554,800 shares of the company’s stock worth $40,036,000 after buying an additional 302,100 shares during the last quarter. 49 Wealth Management LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 79.6% in the 3rd quarter. 49 Wealth Management LLC now owns 413,392 shares of the company’s stock valued at $10,645,000 after buying an additional 183,269 shares during the period. Great Lakes Retirement Inc. lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 3.8% during the third quarter. Great Lakes Retirement Inc. now owns 296,061 shares of the company’s stock valued at $7,624,000 after buying an additional 10,917 shares in the last quarter. Finally, Missouri Trust & Investment Co raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 12.5% in the 3rd quarter. Missouri Trust & Investment Co now owns 204,693 shares of the company’s stock valued at $5,271,000 after acquiring an additional 22,806 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK stock opened at $25.50 on Friday. The firm has a market cap of $4.69 billion, a P/E ratio of 0.91 and a beta of 0.26. The stock has a 50-day simple moving average of $25.43 and a 200-day simple moving average of $25.39. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $24.67 and a 1 year high of $25.77.

SPDR Bloomberg Short Term High Yield Bond ETF 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.