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

Sona Asset Management US LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 83,950 shares of the exchange traded fund’s stock, valued at approximately $8,036,000.

A number of other institutional investors have also recently bought and sold shares of JNK. State Street Corp grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% during the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after purchasing an additional 1,577,119 shares in the last quarter. Assetmark Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% in the first quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock valued at $562,367,000 after buying an additional 191,636 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock valued at $529,343,000 after buying an additional 223,339 shares in the last quarter. American Family Investments Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $202,974,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,065,815 shares of the exchange traded fund’s stock valued at $201,131,000 after buying an additional 94,200 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $95.39 on Monday. The business’s 50 day simple moving average is $96.09 and its 200 day simple moving average is $96.52. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year high of $98.24. The company has a market capitalization of $7.12 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.