Beta Wealth Group Inc. Buys New Shares in Harbor Scientific Alpha High-Yield ETF $SIHY

Beta Wealth Group Inc. purchased a new stake in shares of Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,917 shares of the company’s stock, valued at approximately $1,944,000. Beta Wealth Group Inc. owned about 1.18% of Harbor Scientific Alpha High-Yield ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Pictet North America Advisors SA increased its position in shares of Harbor Scientific Alpha High-Yield ETF by 16.0% during the 3rd quarter. Pictet North America Advisors SA now owns 993,692 shares of the company’s stock worth $46,077,000 after purchasing an additional 137,192 shares during the last quarter. Archford Capital Strategies LLC grew its stake in shares of Harbor Scientific Alpha High-Yield ETF by 306.0% in the third quarter. Archford Capital Strategies LLC now owns 129,370 shares of the company’s stock valued at $5,999,000 after buying an additional 97,506 shares in the last quarter. WT Wealth Management increased its holdings in Harbor Scientific Alpha High-Yield ETF by 4.2% during the third quarter. WT Wealth Management now owns 128,720 shares of the company’s stock worth $5,969,000 after buying an additional 5,181 shares during the last quarter. Croban raised its position in Harbor Scientific Alpha High-Yield ETF by 23.5% during the third quarter. Croban now owns 123,143 shares of the company’s stock worth $5,709,000 after acquiring an additional 23,417 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Harbor Scientific Alpha High-Yield ETF by 24.4% during the second quarter. JPMorgan Chase & Co. now owns 100,432 shares of the company’s stock worth $4,629,000 after acquiring an additional 19,688 shares in the last quarter.

Harbor Scientific Alpha High-Yield ETF Price Performance

Shares of SIHY opened at $45.87 on Tuesday. The firm has a 50-day moving average of $45.87 and a 200-day moving average of $45.98. Harbor Scientific Alpha High-Yield ETF has a one year low of $42.38 and a one year high of $46.69.

Harbor Scientific Alpha High-Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2268 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, February 2nd.

Harbor Scientific Alpha High-Yield ETF Profile

The Harbor Scientific Alpha High-Yield ETF (SIHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund of high-yield, USD-denominated corporate bonds selected based on a proprietary scientific method. SIHY was launched on Sep 14, 2021 and is managed by Harbor.