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

Clark Capital Management Group Inc. lowered its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,895,015 shares of the company’s stock after selling 26,257 shares during the period. Clark Capital Management Group Inc. owned about 1.38% of SPDR Bloomberg Short Term High Yield Bond ETF worth $73,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,454 shares of the company’s stock worth $569,000 after acquiring an additional 457 shares during the last quarter. NewEdge Advisors LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% during the first quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock worth $838,000 after acquiring an additional 469 shares during the last quarter. Insight 2811 Inc. raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% during the fourth quarter. Insight 2811 Inc. now owns 36,659 shares of the company’s stock worth $928,000 after acquiring an additional 501 shares during the last quarter. Commonwealth Financial Services LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 4.8% during the fourth quarter. Commonwealth Financial Services LLC now owns 10,890 shares of the company’s stock worth $276,000 after acquiring an additional 503 shares during the last quarter. Finally, Meridian Wealth Management LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 5.4% during the fourth quarter. Meridian Wealth Management LLC now owns 9,961 shares of the company’s stock worth $252,000 after acquiring an additional 509 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA:SJNK opened at $25.04 on Wednesday. The firm has a 50 day simple moving average of $25.06 and a 200-day simple moving average of $25.18. The firm has a market cap of $4.78 billion, a PE ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 1-year low of $24.72 and a 1-year high of $25.65.

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.