Sheets Smith Wealth Management Has $860,000 Holdings in SPDR Blackstone High Income ETF (BATS:HYBL)

Sheets Smith Wealth Management lifted its position in SPDR Blackstone High Income ETF (BATS:HYBL) by 15.5% in the first quarter, HoldingsChannel.com reports. The firm owned 30,292 shares of the company’s stock after acquiring an additional 4,071 shares during the period. Sheets Smith Wealth Management’s holdings in SPDR Blackstone High Income ETF were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in SPDR Blackstone High Income ETF during the fourth quarter valued at approximately $55,000. Clearstead Trust LLC acquired a new stake in SPDR Blackstone High Income ETF in the 4th quarter valued at $128,000. Archford Capital Strategies LLC bought a new stake in SPDR Blackstone High Income ETF in the first quarter valued at $219,000. Redmont Wealth Advisors LLC acquired a new position in SPDR Blackstone High Income ETF during the fourth quarter worth $238,000. Finally, BluePath Capital Management LLC bought a new position in shares of SPDR Blackstone High Income ETF during the first quarter valued at $258,000.

SPDR Blackstone High Income ETF Stock Performance

Shares of HYBL traded down $0.01 during trading hours on Wednesday, hitting $28.35. The stock had a trading volume of 14,004 shares. The company’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $28.14.

SPDR Blackstone High Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a $0.1917 dividend. The ex-dividend date of this dividend was Monday, July 1st.

SPDR 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.