PNC Financial Services Group Inc. Increases Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

PNC Financial Services Group Inc. increased its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 659,203 shares of the exchange traded fund’s stock after buying an additional 28,448 shares during the period. PNC Financial Services Group Inc. owned about 0.80% of SPDR Bloomberg High Yield Bond ETF worth $62,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich increased its position in SPDR Bloomberg High Yield Bond ETF by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 337,867 shares of the exchange traded fund’s stock worth $35,596,000 after purchasing an additional 23,344 shares during the last quarter. Novus Advisors LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth approximately $1,652,000. Ashton Thomas Private Wealth LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 44.6% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,430 shares of the exchange traded fund’s stock worth $423,000 after purchasing an additional 1,366 shares during the last quarter. Blue Barn Wealth LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 6.0% during the fourth quarter. Blue Barn Wealth LLC now owns 5,881 shares of the exchange traded fund’s stock worth $561,000 after purchasing an additional 331 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth approximately $26,728,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $96.11 on Monday. SPDR Bloomberg High Yield Bond ETF has a one year low of $92.47 and a one year high of $97.90. The company has a 50 day moving average price of $96.35 and a 200 day moving average price of $96.57. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48.

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.