State Street Blackstone High Income ETF (BATS:HYBL) Shares Up 0.2% – Still a Buy?

State Street Blackstone High Income ETF (BATS:HYBL) was up 0.2% during mid-day trading on Monday . The stock traded as high as $27.82 and last traded at $27.80. Approximately 567,129 shares were traded during trading, an increase of 149% from the average daily volume of 228,090 shares. The stock had previously closed at $27.75.

State Street Blackstone High Income ETF Trading Up 0.2%

The business’s fifty day simple moving average is $28.34 and its 200 day simple moving average is $28.43.

State Street Blackstone High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1486 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of State Street Blackstone High Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ZEGA Investments LLC raised its position in shares of State Street Blackstone High Income ETF by 31.7% during the fourth quarter. ZEGA Investments LLC now owns 1,685,210 shares of the company’s stock worth $47,927,000 after acquiring an additional 405,530 shares during the last quarter. Jane Street Group LLC bought a new position in State Street Blackstone High Income ETF in the first quarter valued at about $4,469,000. OneAscent Wealth Management LLC bought a new position in State Street Blackstone High Income ETF in the third quarter valued at about $4,367,000. Inspire Advisors LLC acquired a new stake in State Street Blackstone High Income ETF in the second quarter worth about $4,332,000. Finally, OneAscent Financial Services LLC increased its position in State Street Blackstone High Income ETF by 145.6% in the fourth quarter. OneAscent Financial Services LLC now owns 241,243 shares of the company’s stock worth $6,861,000 after purchasing an additional 143,001 shares during the period.

State Street Blackstone High Income ETF Company 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.