Advance Capital Management Inc. Sells 163,003 Shares of State Street Blackstone High Income ETF $HYBL

Advance Capital Management Inc. trimmed its position in State Street Blackstone High Income ETF (BATS:HYBL) by 32.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 339,894 shares of the company’s stock after selling 163,003 shares during the period. State Street Blackstone High Income ETF comprises 0.4% of Advance Capital Management Inc.’s investment portfolio, making the stock its 20th biggest position. Advance Capital Management Inc. owned approximately 2.42% of State Street Blackstone High Income ETF worth $9,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HYBL. Newbridge Financial Services Group Inc. increased its position 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 valued at $91,000 after acquiring an additional 2,825 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in State Street Blackstone High Income ETF in the 3rd quarter valued at $105,000. Jones Financial Companies Lllp purchased a new stake in shares of State Street Blackstone High Income ETF during the 3rd quarter valued at $119,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of State Street Blackstone High Income ETF during the 3rd quarter valued at $119,000. Finally, Allen Capital Group LLC bought a new stake in shares of State Street Blackstone High Income ETF during the 3rd quarter worth $209,000.

State Street Blackstone High Income ETF Price Performance

Shares of BATS:HYBL opened at $27.76 on Friday. The company’s 50-day moving average is $28.22 and its 200 day moving average is $28.39. State Street Blackstone High Income ETF has a fifty-two week low of $26.86 and a fifty-two week high of $28.69.

State Street Blackstone High Income ETF Cuts Dividend

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

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.