Janney Montgomery Scott LLC Decreases Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

Janney Montgomery Scott LLC reduced its position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 370,614 shares of the company’s stock after selling 17,379 shares during the period. Janney Montgomery Scott LLC owned 0.20% of SPDR Bloomberg Short Term High Yield Bond ETF worth $9,543,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth $152,000. Nations Financial Group Inc. IA ADV increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 14,530 shares of the company’s stock valued at $363,000 after buying an additional 880 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at about $406,000. NBC Securities Inc. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 10.8% in the third quarter. NBC Securities Inc. now owns 19,613 shares of the company’s stock worth $505,000 after acquiring an additional 1,915 shares in the last quarter. Finally, Summit Financial LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $658,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.4 %

SJNK opened at $25.58 on Friday. The company has a market cap of $4.71 billion, a P/E ratio of 0.91 and a beta of 0.26. The firm’s 50-day moving average price is $25.53 and its 200-day moving average price is $25.22. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $24.27 and a 52-week 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.