SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lowered its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.6% in the third quarter, Holdings Channel.com reports. The firm owned 3,943 shares of the exchange traded fund’s stock after selling 420 shares during the quarter. Crestwood Advisors Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at $29,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $30,000. Olistico Wealth LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $35,000. Finally, Blue Trust Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% in the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 285 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 Up 0.2 %

Shares of NYSEARCA JNK opened at $96.44 on Thursday. The firm has a 50-day moving average price of $96.83 and a 200 day moving average price of $95.45. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.22 and a 52 week high of $97.90.

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.