State Street Blackstone High Income ETF (BATS:HYBL) Shares Up 0.5% – Time to Buy?

State Street Blackstone High Income ETF (BATS:HYBL) shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $28.50 and last traded at $28.51. 190,674 shares changed hands during trading, an increase of 44% from the average session volume of 132,522 shares. The stock had previously closed at $28.3750.

State Street Blackstone High Income ETF Price Performance

The company has a 50-day moving average of $28.44 and a 200-day moving average of $28.47.

Institutional Investors Weigh In On State Street Blackstone High Income ETF

Several large investors have recently modified their holdings of the stock. Sheets Smith Wealth Management increased its stake in shares of State Street Blackstone High Income ETF by 1.3% during the second quarter. Sheets Smith Wealth Management now owns 28,322 shares of the company’s stock worth $810,000 after acquiring an additional 370 shares during the period. Merit Financial Group LLC lifted its position in State Street Blackstone High Income ETF by 2.8% in the third quarter. Merit Financial Group LLC now owns 14,703 shares of the company’s stock valued at $421,000 after purchasing an additional 397 shares during the period. Advisory Services Network LLC boosted its holdings in State Street Blackstone High Income ETF by 1.3% in the 2nd quarter. Advisory Services Network LLC now owns 38,390 shares of the company’s stock valued at $1,096,000 after purchasing an additional 487 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in State Street Blackstone High Income ETF by 1.9% during the 1st quarter. Thompson Davis & CO. Inc. now owns 38,106 shares of the company’s stock worth $1,072,000 after purchasing an additional 703 shares during the period. Finally, NewEdge Advisors LLC increased its position in State Street Blackstone High Income ETF by 5.2% during the 1st quarter. NewEdge Advisors LLC now owns 17,056 shares of the company’s stock worth $480,000 after purchasing an additional 850 shares during the period.

About State Street Blackstone High Income ETF

The SPDR Blackstone High Income ETF (HYBL) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund seeks to provide risk-adjusted total return and high current income through an actively managed portfolio of USD-denominated high yield corporate bonds, senior loans, and collateralized loan obligations (CLOs) of any maturity.