Clark Capital Management Group Inc. Has $334.42 Million Position in SPDR Bloomberg High Yield Bond ETF $JNK

Clark Capital Management Group Inc. trimmed its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 approximately 2.0% of Clark Capital Management Group Inc.’s investment portfolio, making the stock its 8th biggest position. Clark Capital Management Group Inc. owned approximately 4.23% of SPDR Bloomberg High Yield Bond ETF worth $334,423,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID bought a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth approximately $26,000. Caitlin John LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $29,000. Evolution Wealth Management Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 104.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 175 shares in the last quarter. Prestige Wealth Management Group LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth approximately $35,000. Finally, Brown Brothers Harriman & Co. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $35,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $96.43 on Wednesday. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $94.49 and a 1-year high of $98.24. The company has a 50 day moving average price of $96.37 and a 200 day moving average price of $96.75.

SPDR Bloomberg High Yield Bond ETF 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.