Somnio Financial Group LLC Takes $7.14 Million Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Somnio Financial Group LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,753 shares of the exchange traded fund’s stock, valued at approximately $7,141,000. SPDR Bloomberg High Yield Bond ETF makes up 6.3% of Somnio Financial Group LLC’s portfolio, making the stock its 7th biggest holding. Somnio Financial Group LLC owned about 0.08% of SPDR Bloomberg High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.5% in the second quarter. First Horizon Advisors Inc. now owns 1,175 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 121 shares in the last quarter. Private Client Services LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 5.2% during the 2nd quarter. Private Client Services LLC now owns 2,476 shares of the exchange traded fund’s stock worth $233,000 after buying an additional 123 shares during the last quarter. Founders Financial Securities LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 2.8% during the 1st quarter. Founders Financial Securities LLC now owns 4,831 shares of the exchange traded fund’s stock worth $460,000 after buying an additional 130 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.2% in the 2nd quarter. Hancock Whitney Corp now owns 4,512 shares of the exchange traded fund’s stock worth $425,000 after purchasing an additional 142 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 6.2% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,449 shares of the exchange traded fund’s stock worth $232,000 after purchasing an additional 143 shares during 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

Shares of NYSEARCA JNK opened at $97.79 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $87.79 and a 12-month high of $97.90. The stock’s 50 day simple moving average is $96.31 and its 200 day simple moving average is $94.99.

About SPDR Bloomberg High Yield Bond ETF

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.