JPMorgan Chase & Co. Decreases Holdings in Harbor Scientific Alpha High-Yield ETF $SIHY

JPMorgan Chase & Co. trimmed its holdings in Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) by 43.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 57,109 shares of the company’s stock after selling 43,323 shares during the quarter. JPMorgan Chase & Co. owned 1.61% of Harbor Scientific Alpha High-Yield ETF worth $2,648,000 at the end of the most recent quarter.

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

Harbor Scientific Alpha High-Yield ETF Price Performance

NYSEARCA SIHY opened at $44.74 on Monday. Harbor Scientific Alpha High-Yield ETF has a 1-year low of $42.38 and a 1-year high of $46.69. The stock has a 50-day moving average of $45.31 and a 200-day moving average of $45.75.

Harbor Scientific Alpha High-Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.2192 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, March 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.