Sona Asset Management US LLC Makes New $8.04 Million Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Sona Asset Management US LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 83,950 shares of the exchange traded fund’s stock, valued at approximately $8,036,000. Sona Asset Management US LLC owned 0.11% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Creative Planning lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 16.6% during the 2nd quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after purchasing an additional 629 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 124 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% in the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock valued at $6,987,000 after purchasing an additional 15,491 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock valued at $37,415,000 after purchasing an additional 13,500 shares during the period. Finally, Ieq Capital LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% in the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after purchasing an additional 712 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $95.39 on Monday. The firm has a 50-day moving average of $96.09 and a 200-day moving average of $96.52. The stock has a market cap of $7.12 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24.

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.