Massmutual Trust Co. FSB ADV Takes $49,000 Position in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

Massmutual Trust Co. FSB ADV purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,000 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds have also modified their holdings of SJNK. Ameriprise Financial Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 31.6% during the first quarter. Ameriprise Financial Inc. now owns 8,970,610 shares of the company’s stock worth $222,793,000 after purchasing an additional 2,152,209 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 703.6% during the first 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 33.5% during the first quarter. JPMorgan Chase & Co. now owns 1,500,267 shares of the company’s stock worth $37,267,000 after purchasing an additional 376,561 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 21.6% during the third quarter. Bank of New York Mellon Corp now owns 1,338,723 shares of the company’s stock worth $31,835,000 after purchasing an additional 237,911 shares during the last quarter. Finally, Wavelength Capital Management LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 9.6% during the second quarter. Wavelength Capital Management LLC now owns 379,200 shares of the company’s stock worth $9,366,000 after purchasing an additional 33,200 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

SJNK stock traded up $0.04 during midday trading on Friday, hitting $24.57. 2,518,782 shares of the stock were exchanged, compared to its average volume of 5,134,462. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $23.90 and a fifty-two week high of $25.23. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 27.58 and a beta of 0.36. The stock’s 50-day moving average price is $24.31 and its 200-day moving average price is $24.49.

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.