Howard Financial Services LTD. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Free Report) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 738,007 shares of the company’s stock after purchasing an additional 85,355 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up 1.9% of Howard Financial Services LTD.’s holdings, making the stock its 18th largest position. Howard Financial Services LTD.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $17,897,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Wealthfront Advisers LLC grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% in the first quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after purchasing an additional 1,703,692 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,717,476 shares of the company’s stock valued at $68,018,000 after buying an additional 365,297 shares in the last quarter. Market Street Wealth Management Advisors LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at approximately $7,526,000. AA Financial Advisors LLC lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 186.4% during the 1st quarter. AA Financial Advisors LLC now owns 311,377 shares of the company’s stock valued at $7,778,000 after buying an additional 202,649 shares in the last quarter. Finally, Assetmark Inc. grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% in the 1st quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock valued at $61,839,000 after acquiring an additional 168,058 shares during the period.
SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.4%
SJNK opened at $24.10 on Thursday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 0.90 and a beta of 0.30. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.99 and a 52-week high of $25.58. The firm’s fifty day simple moving average is $24.60 and its two-hundred day simple moving average is $24.85.
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.
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