Crestone Asset Management LLC Has $2.17 Million Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Crestone Asset Management LLC cut its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,892 shares of the exchange traded fund’s stock after selling 8,883 shares during the quarter. Crestone Asset Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,169,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JNK. Wright Fund Management LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 9.5% in the third quarter. Wright Fund Management LLC now owns 4,796,606 shares of the exchange traded fund’s stock valued at $433,613,000 after purchasing an additional 416,798 shares in the last quarter. Assetmark Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 0.3% in the third quarter. Assetmark Inc. now owns 3,498,112 shares of the exchange traded fund’s stock valued at $316,229,000 after purchasing an additional 11,973 shares in the last quarter. Schroder Investment Management Group lifted its stake in SPDR Bloomberg High Yield Bond ETF by 4,254.2% during the third quarter. Schroder Investment Management Group now owns 979,690 shares of the exchange traded fund’s stock worth $88,564,000 after purchasing an additional 957,190 shares during the last quarter. Toews Corp ADV bought a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $69,939,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.7% during the third quarter. PNC Financial Services Group Inc. now owns 737,503 shares of the exchange traded fund’s stock worth $66,670,000 after buying an additional 5,319 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2 %

NYSEARCA JNK traded down $0.20 during trading hours on Wednesday, reaching $94.21. The company’s stock had a trading volume of 3,619,247 shares, compared to its average volume of 5,593,125. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $87.79 and a 52 week high of $95.59. The firm has a fifty day simple moving average of $94.18 and a 200-day simple moving average of $93.54.

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.