SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.6% in the first quarter, HoldingsChannel.com reports. 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.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $62,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID purchased a new stake in 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 in the first quarter valued at about $27,000. Ascentis Independent Advisors purchased a new position in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at about $29,000. NFSG Corp lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% during the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 141 shares during the period. Finally, Evolution Wealth Management Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $95.40 on Friday. The business’s 50 day simple moving average is $96.10 and its 200-day simple moving average is $96.53. The firm 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 has a 12 month low of $94.49 and a 12 month high of $98.24.

SPDR Bloomberg High Yield Bond ETF Company 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.