IFP Advisors Inc Has $1.67 Million Holdings in Harbor Scientific Alpha High-Yield ETF $SIHY

IFP Advisors Inc trimmed its holdings in shares of Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) by 63.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,987 shares of the company’s stock after selling 62,974 shares during the period. IFP Advisors Inc owned approximately 1.02% of Harbor Scientific Alpha High-Yield ETF worth $1,669,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Harbor Scientific Alpha High-Yield ETF during the 2nd quarter valued at $197,000. Greenwood Capital Associates LLC boosted its stake in Harbor Scientific Alpha High-Yield ETF by 61.6% during the third quarter. Greenwood Capital Associates LLC now owns 7,113 shares of the company’s stock worth $330,000 after acquiring an additional 2,712 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Harbor Scientific Alpha High-Yield ETF by 40.5% in the third quarter. Stratos Wealth Partners LTD. now owns 18,811 shares of the company’s stock worth $872,000 after purchasing an additional 5,427 shares during the period. SK Wealth Management LLC increased its stake in Harbor Scientific Alpha High-Yield ETF by 1.0% in the third quarter. SK Wealth Management LLC now owns 23,277 shares of the company’s stock valued at $1,069,000 after purchasing an additional 239 shares in the last quarter. Finally, Beta Wealth Group Inc. bought a new stake in Harbor Scientific Alpha High-Yield ETF in the third quarter valued at $1,944,000.

Harbor Scientific Alpha High-Yield ETF Trading Down 0.9%

Shares of NYSEARCA SIHY opened at $44.38 on Friday. Harbor Scientific Alpha High-Yield ETF has a 1-year low of $42.38 and a 1-year high of $46.69. The firm’s 50-day moving average price is $45.58 and its 200-day moving average price is $45.86.

Harbor Scientific Alpha High-Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.2192 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.9%.

About Harbor Scientific Alpha High-Yield ETF

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.