Coldstream Capital Management Inc. Sells 460 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Coldstream Capital Management Inc. cut its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,920 shares of the exchange traded fund’s stock after selling 460 shares during the quarter. Coldstream Capital Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth $29,000. Creative Financial Designs Inc. ADV bought a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $37,000. Blue Trust Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% during the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 285 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $48,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $96.43 on Friday. SPDR Bloomberg High Yield Bond ETF has a one year low of $92.47 and a one year high of $97.90. The firm has a 50 day simple moving average of $96.70 and a two-hundred day simple moving average of $95.97.

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.