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

PNC Financial Services Group Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 658,610 shares of the exchange traded fund’s stock after buying an additional 9,552 shares during the period. PNC Financial Services Group Inc. owned about 0.81% of SPDR Bloomberg High Yield Bond ETF worth $64,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JNK. Legacy Wealth Managment LLC ID acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $26,000. Caitlin John LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $29,000. Brown Brothers Harriman & Co. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $35,000. Olistico Wealth LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $36,000. Finally, Pacifica Partners Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% during the fourth quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 310 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

NYSEARCA JNK opened at $96.20 on Friday. The company’s fifty day simple moving average is $96.08 and its 200-day simple moving average is $96.82. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week high of $98.24. The stock has a market cap of $7.28 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.