Clark Capital Management Group Inc. Raises Stock Position in SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Clark Capital Management Group Inc. boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,921,272 shares of the company’s stock after purchasing an additional 54,370 shares during the period. Clark Capital Management Group Inc. owned approximately 1.39% of SPDR Bloomberg Short Term High Yield Bond ETF worth $74,785,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SJNK. Chesley Taft & Associates LLC boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.1% in the 3rd quarter. Chesley Taft & Associates LLC now owns 35,950 shares of the company’s stock worth $920,000 after buying an additional 400 shares during the last quarter. Private Trust Co. NA increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 25.3% during the third quarter. Private Trust Co. NA now owns 1,982 shares of the company’s stock valued at $51,000 after acquiring an additional 400 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 0.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 117,172 shares of the company’s stock valued at $2,982,000 after acquiring an additional 436 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the first quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock valued at $838,000 after acquiring an additional 469 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the second quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after acquiring an additional 519 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.1%

SPDR Bloomberg Short Term High Yield Bond ETF stock opened at $24.86 on Friday. The business has a 50-day simple moving average of $25.29 and a two-hundred day simple moving average of $25.37. The company has a market cap of $5.22 billion, a P/E ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.92 and a 52-week high of $25.65.

SPDR Bloomberg Short Term High Yield Bond ETF Increases 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 $0.144 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

SPDR Bloomberg Short Term High Yield Bond ETF Company Profile

The SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of short-term publicly issued US high yield corporate bonds, with a remaining maturity of less than five years. SJNK was launched on Mar 15, 2012 and is managed by State Street.