Clark Capital Management Group Inc. Raises Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Clark Capital Management Group Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,484,384 shares of the exchange traded fund’s stock after acquiring an additional 61,514 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for approximately 2.1% of Clark Capital Management Group Inc.’s portfolio, making the stock its 7th largest holding. Clark Capital Management Group Inc. owned about 4.16% of SPDR Bloomberg High Yield Bond ETF worth $341,435,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Caitlin John LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter valued at about $29,000. Brown Brothers Harriman & Co. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $35,000. First Community Trust NA bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $39,000. Trust Co. of Vermont increased its stake in SPDR Bloomberg High Yield Bond ETF by 41,800.0% in the 3rd quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 418 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 10,200.0% in the 3rd quarter. Ancora Advisors LLC now owns 515 shares of the exchange traded fund’s stock valued at $50,000 after buying an additional 510 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

SPDR Bloomberg High Yield Bond ETF stock opened at $95.25 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The company’s 50 day moving average price is $97.30 and its two-hundred day moving average price is $97.29. The stock has a market cap of $7.74 billion, a P/E ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.5246 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Monday, March 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.