Sovereign Investment Advisors LLC Acquires 3,759 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Sovereign Investment Advisors LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,190 shares of the exchange traded fund’s stock after buying an additional 3,759 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises approximately 1.3% of Sovereign Investment Advisors LLC’s holdings, making the stock its 23rd largest position. Sovereign Investment Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $4,590,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JNK. Counterpoint Mutual Funds LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth $45,947,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 10.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock worth $354,458,000 after purchasing an additional 360,678 shares in the last quarter. Nuveen LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at about $18,638,000. Commonwealth Equity Services LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 454.5% during the first quarter. Commonwealth Equity Services LLC now owns 226,418 shares of the exchange traded fund’s stock valued at $21,578,000 after purchasing an additional 185,587 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 162.1% during the first quarter. Kestra Advisory Services LLC now owns 232,219 shares of the exchange traded fund’s stock valued at $22,130,000 after purchasing an additional 143,633 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 Trading Down 0.1%

NYSEARCA:JNK opened at $97.59 on Friday. The company has a market capitalization of $8.26 billion, a P/E ratio of 19.96 and a beta of 0.45. The business’s 50-day moving average is $97.33 and its 200 day moving average is $96.01. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24.

SPDR Bloomberg High Yield Bond ETF Company 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.