PNC Financial Services Group Inc. Invests $758,000 in SPDR Bloomberg International Corporate Bond ETF $IBND

PNC Financial Services Group Inc. bought a new stake in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) in the 3rd quarter, Holdings Channel.com reports. The fund bought 23,488 shares of the company’s stock, valued at approximately $758,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBND. Jones Financial Companies Lllp boosted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 68.5% during the first quarter. Jones Financial Companies Lllp now owns 2,282 shares of the company’s stock worth $67,000 after buying an additional 928 shares during the period. D.A. Davidson & CO. purchased a new position in SPDR Bloomberg International Corporate Bond ETF during the 2nd quarter valued at about $537,000. Brighton Jones LLC purchased a new position in SPDR Bloomberg International Corporate Bond ETF during the 2nd quarter valued at about $298,000. Envestnet Asset Management Inc. grew its position in SPDR Bloomberg International Corporate Bond ETF by 175.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 66,231 shares of the company’s stock valued at $2,158,000 after acquiring an additional 42,149 shares in the last quarter. Finally, Austin Private Wealth LLC purchased a new stake in SPDR Bloomberg International Corporate Bond ETF during the second quarter worth about $213,000.

SPDR Bloomberg International Corporate Bond ETF Price Performance

Shares of IBND opened at $32.52 on Thursday. The company’s 50-day simple moving average is $32.33 and its 200-day simple moving average is $32.14. SPDR Bloomberg International Corporate Bond ETF has a 1 year low of $28.63 and a 1 year high of $33.20.

SPDR Bloomberg International Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0719 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 2.7%.

SPDR Bloomberg International Corporate Bond ETF Company Profile

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.