PNC Financial Services Group Inc. Sells 193,263 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

PNC Financial Services Group Inc. lowered its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 649,058 shares of the exchange traded fund’s stock after selling 193,263 shares during the quarter. PNC Financial Services Group Inc. owned about 0.78% of SPDR Bloomberg High Yield Bond ETF worth $63,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Key Financial Inc purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $34,000. First Community Trust NA bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $39,000. Trust Co. of Vermont increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 41,800.0% during the third quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 418 shares in the last quarter. Beacon Capital Management Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $52,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $64,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

SPDR Bloomberg High Yield Bond ETF stock opened at $97.48 on Tuesday. The company has a market capitalization of $7.92 billion, a P/E ratio of 19.96 and a beta of 0.42. The stock’s 50 day moving average is $97.42 and its 200 day moving average is $97.31. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.5601 dividend. This is an increase from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd.

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.