Waterloo Capital L.P. Cuts Stock Holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

Waterloo Capital L.P. lessened its holdings in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 7.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 248,927 shares of the company’s stock after selling 20,798 shares during the period. Waterloo Capital L.P. owned about 0.14% of SPDR Bloomberg Short Term High Yield Bond ETF worth $6,216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SJNK. Nations Financial Group Inc. IA ADV boosted 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 acquiring an additional 880 shares in the last quarter. Comerica Bank boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 5.5% during the fourth quarter. Comerica Bank now owns 39,264 shares of the company’s stock valued at $987,000 after purchasing an additional 2,063 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at about $55,000. IAG Wealth Partners LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 12.7% in the first quarter. IAG Wealth Partners LLC now owns 48,314 shares of the company’s stock worth $1,218,000 after purchasing an additional 5,444 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at about $139,000.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA:SJNK opened at $25.60 on Wednesday. The company’s 50-day simple moving average is $25.27 and its 200-day simple moving average is $25.09. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $23.90 and a fifty-two week high of $25.63. The stock has a market capitalization of $4.71 billion, a P/E ratio of 0.91 and a beta of 0.26.

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.