PNC Financial Services Group Inc. Sells 1,763 Shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)

PNC Financial Services Group Inc. lessened its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,587 shares of the company’s stock after selling 1,763 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR Bloomberg Short Term High Yield Bond ETF were worth $1,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SJNK. JPMorgan Chase & Co. increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 56.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,719,688 shares of the company’s stock valued at $44,282,000 after purchasing an additional 621,928 shares during the period. AMJ Financial Wealth Management acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at approximately $12,408,000. iA Global Asset Management Inc. increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 24.1% during the 3rd quarter. iA Global Asset Management Inc. now owns 1,554,800 shares of the company’s stock valued at $40,036,000 after purchasing an additional 302,100 shares during the period. 49 Wealth Management LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 79.6% during the 3rd quarter. 49 Wealth Management LLC now owns 413,392 shares of the company’s stock valued at $10,645,000 after purchasing an additional 183,269 shares during the period. Finally, Bank of New York Mellon Corp increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 9.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,605,541 shares of the company’s stock valued at $40,540,000 after purchasing an additional 132,268 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA:SJNK opened at $25.19 on Monday. The company has a market capitalization of $5.07 billion, a PE ratio of 0.91 and a beta of 0.37. The company has a 50 day simple moving average of $25.45 and a two-hundred day simple moving average of $25.48. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $24.67 and a fifty-two week high of $25.77.

SPDR Bloomberg Short Term High Yield Bond ETF Company Profile

The SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of short-term publicly issued US high yield corporate bonds, with a remaining maturity of less than five years. SJNK was launched on Mar 15, 2012 and is managed by State Street.