PNC Financial Services Group Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 658,610 shares of the exchange traded fund’s stock after acquiring an additional 9,552 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $64,023,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% in the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after buying an additional 1,577,119 shares during the last quarter. Assetmark Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% in the fourth quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock worth $552,492,000 after buying an additional 203,301 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% in the third quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock worth $341,435,000 after buying an additional 61,514 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 2,826,598 shares of the exchange traded fund’s stock worth $276,978,000 after buying an additional 80,325 shares during the last quarter. Finally, American Family Investments Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $202,974,000. Institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%
Shares of NYSEARCA:JNK opened at $96.20 on Friday. The company has a fifty day simple moving average of $96.08 and a 200 day simple moving average of $96.82. The firm has a market cap of $7.28 billion, a PE 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.
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