SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 214,549 shares of the exchange traded fund’s stock after selling 13,440 shares during the period. Townsquare Capital LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $20,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 401.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 776,841 shares of the exchange traded fund’s stock valued at $75,967,000 after purchasing an additional 621,906 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.7% during the third quarter. D.A. Davidson & CO. now owns 35,600 shares of the exchange traded fund’s stock worth $3,481,000 after purchasing an additional 923 shares during the period. The Manufacturers Life Insurance Company grew its position in SPDR Bloomberg High Yield Bond ETF by 7.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 349,774 shares of the exchange traded fund’s stock valued at $34,204,000 after buying an additional 24,086 shares during the last quarter. Bank of Montreal Can increased its stake in SPDR Bloomberg High Yield Bond ETF by 9.0% in the 3rd quarter. Bank of Montreal Can now owns 54,119 shares of the exchange traded fund’s stock valued at $5,292,000 after buying an additional 4,449 shares during the period. Finally, Private Trust Co. NA raised its position in SPDR Bloomberg High Yield Bond ETF by 30.1% during the 3rd quarter. Private Trust Co. NA now owns 5,076 shares of the exchange traded fund’s stock worth $496,000 after buying an additional 1,173 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $96.86 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a one year low of $91.77 and a one year high of $97.90. The company has a fifty day moving average of $96.84 and a 200-day moving average of $95.72.

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.