PNC Financial Services Group Inc. Lowers Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

PNC Financial Services Group Inc. reduced its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 648,005 shares of the exchange traded fund’s stock after selling 10,605 shares during the quarter. PNC Financial Services Group Inc. owned about 0.86% of SPDR Bloomberg High Yield Bond ETF worth $62,027,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $26,000. Brown Lisle Cummings Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $27,000. Ascentis Independent Advisors acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at about $29,000. NFSG Corp lifted its position in SPDR Bloomberg High Yield Bond ETF by 78.3% in the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 141 shares during the period. Finally, Evolution Wealth Management Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 175 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 Down 0.4%

NYSEARCA JNK opened at $95.40 on Friday. The business’s 50 day moving average is $96.10 and its two-hundred day moving average is $96.53. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $94.49 and a 12-month high of $98.24. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

SPDR Bloomberg High Yield Bond ETF Profile

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.