Wavelength Capital Management LLC Has $9.37 Million Stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

Wavelength Capital Management LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,200 shares of the company’s stock after purchasing an additional 33,200 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF accounts for about 10.1% of Wavelength Capital Management LLC’s portfolio, making the stock its 6th biggest position. Wavelength Capital Management LLC owned 0.24% of SPDR Bloomberg Short Term High Yield Bond ETF worth $9,366,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SJNK. Ameriprise Financial Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 31.6% in the 1st quarter. Ameriprise Financial Inc. now owns 8,970,610 shares of the company’s stock valued at $222,793,000 after buying an additional 2,152,209 shares during the period. Industrial Alliance Investment Management Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 703.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 3,211,900 shares of the company’s stock worth $84,280,000 after purchasing an additional 2,812,200 shares in the last quarter. JPMorgan Chase & Co. grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 33.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,500,267 shares of the company’s stock valued at $37,267,000 after purchasing an additional 376,561 shares during the period. Bank of New York Mellon Corp increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 21.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,338,723 shares of the company’s stock valued at $31,835,000 after purchasing an additional 237,911 shares in the last quarter. Finally, Arden Trust Co raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 33.1% during the second quarter. Arden Trust Co now owns 350,444 shares of the company’s stock worth $8,656,000 after buying an additional 87,235 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SPDR Bloomberg Short Term High Yield Bond ETF stock traded up $0.01 during mid-day trading on Monday, hitting $24.58. 1,728,677 shares of the stock were exchanged, compared to its average volume of 5,118,039. SPDR Bloomberg Short Term High Yield Bond ETF has a 12 month low of $23.90 and a 12 month high of $25.23. The company has a 50-day simple moving average of $24.31 and a 200 day simple moving average of $24.49. The company has a market capitalization of $3.89 billion, a P/E ratio of 27.58 and a beta of 0.36.

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.