Envestnet Asset Management Inc. Grows Stock Position in State Street Blackstone High Income ETF $HYBL

Envestnet Asset Management Inc. increased its holdings in State Street Blackstone High Income ETF (BATS:HYBL) by 15.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 572,085 shares of the company’s stock after acquiring an additional 76,460 shares during the period. Envestnet Asset Management Inc. owned approximately 4.07% of State Street Blackstone High Income ETF worth $16,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. increased its stake in shares of State Street Blackstone High Income ETF by 753.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $91,000 after buying an additional 2,825 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of State Street Blackstone High Income ETF during the third quarter worth about $119,000. Allen Capital Group LLC acquired a new position in State Street Blackstone High Income ETF in the 3rd quarter valued at about $209,000. Wealth Watch Advisors INC acquired a new position in shares of State Street Blackstone High Income ETF in the second quarter valued at approximately $217,000. Finally, Tactive Advisors LLC purchased a new position in State Street Blackstone High Income ETF in the 3rd quarter valued at $223,000.

State Street Blackstone High Income ETF Trading Down 0.0%

Shares of BATS HYBL opened at $28.33 on Monday. State Street Blackstone High Income ETF has a 52 week low of $26.86 and a 52 week high of $28.69. The firm has a 50-day moving average price of $28.45 and a 200 day moving average price of $28.48.

State Street Blackstone High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.1555 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.6%.

State Street Blackstone High Income ETF Profile

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. HYBL was launched on Feb 17, 2022 and is managed by State Street.