PNC Financial Services Group Inc. Raises Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

PNC Financial Services Group Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,004 shares of the company’s stock after acquiring an additional 20,348 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $6,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cranbrook Wealth Management LLC purchased a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at approximately $26,000. Parallel Advisors LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at $29,000. Alaska Permanent Capital Management LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 10,916.7% in the second quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after purchasing an additional 1,310 shares during the last quarter. Grove Bank & Trust purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter valued at $46,000. Finally, Fifth Third Bancorp acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth $50,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.59 on Monday. The firm has a market capitalization of $9.95 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.21 and a 52 week high of $23.99. The firm’s 50-day simple moving average is $23.80 and its 200 day simple moving average is $23.65.

SPDR Portfolio High Yield Bond ETF Profile

The SPDR Portfolio High Yield Bond ETF (SPHY) is an exchange-traded fund that is based on the ICE BofA US High Yield index. The fund tracks an index that measures the performance of USD-denominated junk bonds. SPHY was launched on Jun 18, 2012 and is managed by State Street.