PNC Financial Services Group Inc. Purchases 190,847 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

PNC Financial Services Group Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 29.3% in the second quarter, Holdings Channel reports. The institutional investor owned 842,321 shares of the exchange traded fund’s stock after buying an additional 190,847 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $81,933,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JNK. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $32,000. Key Financial Inc bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $34,000. Truvestments Capital LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 73.9% in the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 212 shares during the last quarter. Beacon Capital Management LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $56,000. Finally, Ameritas Advisory Services LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $60,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

NYSEARCA:JNK opened at $97.03 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The stock’s 50 day moving average price is $97.45 and its two-hundred day moving average price is $96.67.

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.