SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. decreased its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,440,215 shares of the exchange traded fund’s stock after selling 44,169 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises about 2.0% of Clark Capital Management Group Inc.’s investment portfolio, making the stock its 8th biggest holding. Clark Capital Management Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $334,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $26,000. Caitlin John LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $29,000. Evolution Wealth Management Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 175 shares during the period. Prestige Wealth Management Group LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $35,000. Finally, Brown Brothers Harriman & Co. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.0%

Shares of NYSEARCA:JNK opened at $96.43 on Wednesday. The firm has a fifty day moving average of $96.37 and a two-hundred day moving average of $96.75. The firm has a market capitalization of $7.30 billion, a P/E ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $94.49 and a 12-month high of $98.24.

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.