IHT Wealth Management LLC Increases Position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

IHT Wealth Management LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Get Rating) by 78.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,399 shares of the company’s stock after buying an additional 9,826 shares during the period. IHT Wealth Management LLC’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SJNK. Private Trust Co. NA purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth $25,000. Absolute Capital Management LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter worth $51,000. CoreCap Advisors LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $55,000. Mach 1 Financial Group LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter valued at about $78,000. Finally, Oakworth Capital Inc. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth about $79,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $24.24 on Friday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 27.58 and a beta of 0.35. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.47 and a 52 week high of $26.36. The firm’s 50-day simple moving average is $24.73 and its two-hundred day simple moving average is $24.46.

About SPDR Bloomberg Short Term High Yield Bond ETF

(Get Rating)

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.