Howard Capital Management Inc. Makes New Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Howard Capital Management Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 2nd quarter, HoldingsChannel reports. The fund bought 248,368 shares of the exchange traded fund’s stock, valued at approximately $24,159,000.

A number of other institutional investors have also recently made changes to their positions in JNK. Pure Financial Advisors LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 1.2% in the 2nd quarter. Pure Financial Advisors LLC now owns 11,438 shares of the exchange traded fund’s stock worth $1,113,000 after acquiring an additional 136 shares during the last quarter. Harbour Trust & Investment Management Co increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.6% in the 1st quarter. Harbour Trust & Investment Management Co now owns 25,050 shares of the exchange traded fund’s stock worth $2,387,000 after purchasing an additional 147 shares in the last quarter. Private Trust Co. NA raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.3% in the first quarter. Private Trust Co. NA now owns 5,243 shares of the exchange traded fund’s stock worth $500,000 after purchasing an additional 167 shares during the last quarter. Realta Investment Advisors raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 38.5% in the first quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 171 shares during the last quarter. Finally, Schechter Investment Advisors LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.7% during the first quarter. Schechter Investment Advisors LLC now owns 7,117 shares of the exchange traded fund’s stock valued at $678,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $98.02 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24. The business’s fifty day moving average is $97.49 and its 200 day moving average is $96.36. The stock has a market capitalization of $8.28 billion, a PE ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Profile

SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.