Howard Financial Services LTD. Sells 74,234 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Howard Financial Services LTD. lowered its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 670,023 shares of the company’s stock after selling 74,234 shares during the quarter. SPDR Bloomberg Short Term High Yield Bond ETF makes up approximately 1.7% of Howard Financial Services LTD.’s investment portfolio, making the stock its 20th largest position. Howard Financial Services LTD. owned approximately 0.34% of SPDR Bloomberg Short Term High Yield Bond ETF worth $16,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock worth $25,000 after purchasing an additional 250,000 shares in the last quarter. City Holding Co. bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at $32,000. Franklin Resources Inc. bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at $36,000. Ascentis Independent Advisors acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter worth $55,000. Finally, Private Wealth Asset Management LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% during the fourth quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock worth $61,000 after buying an additional 1,500 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK opened at $24.84 on Wednesday. The firm has a 50-day moving average of $24.94 and a 200-day moving average of $25.07. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $24.72 and a one year high of $25.65. The company has a market cap of $4.76 billion, a PE ratio of 0.90 and a beta of 0.29.

SPDR Bloomberg Short Term High Yield Bond ETF Company 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.