SPDR Bloomberg High Yield Bond ETF $JNK is Clark Capital Management Group Inc.’s 7th Largest Position

Clark Capital Management Group Inc. raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,484,384 shares of the exchange traded fund’s stock after buying an additional 61,514 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises about 2.1% of Clark Capital Management Group Inc.’s holdings, making the stock its 7th largest position. Clark Capital Management Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $341,435,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JNK. Gallagher Fiduciary Advisors LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 9,700.8% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,657,493 shares of the exchange traded fund’s stock worth $258,494,000 after acquiring an additional 2,630,378 shares during the period. State Street Corp raised its stake in SPDR Bloomberg High Yield Bond ETF by 19.9% in the 2nd quarter. State Street Corp now owns 11,085,683 shares of the exchange traded fund’s stock valued at $1,078,304,000 after acquiring an additional 1,842,852 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $118,767,000. Allstate Corp purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at about $101,224,000. Finally, JPMorgan Chase & Co. boosted its position in SPDR Bloomberg High Yield Bond ETF by 143.7% during the third quarter. JPMorgan Chase & Co. now owns 1,467,132 shares of the exchange traded fund’s stock worth $143,764,000 after purchasing an additional 865,123 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

Shares of NYSEARCA:JNK opened at $95.25 on Friday. The firm has a market capitalization of $7.74 billion, a PE ratio of 19.96 and a beta of 0.42. The company has a 50-day moving average price of $97.30 and a two-hundred day moving average price of $97.29. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24.

SPDR Bloomberg High Yield Bond ETF Cuts Dividend

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

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.