Redmont Wealth Advisors LLC Invests $238,000 in SPDR Blackstone High Income ETF (BATS:HYBL)

Redmont Wealth Advisors LLC acquired a new position in SPDR Blackstone High Income ETF (BATS:HYBL) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 8,452 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC purchased a new position in shares of SPDR Blackstone High Income ETF in the 4th quarter worth approximately $55,000. BluePath Capital Management LLC purchased a new position in shares of SPDR Blackstone High Income ETF in the 3rd quarter worth approximately $188,000. Collaborative Wealth Managment Inc. purchased a new position in shares of SPDR Blackstone High Income ETF in the 3rd quarter worth approximately $204,000. Adviser Investments LLC purchased a new position in shares of SPDR Blackstone High Income ETF in the 3rd quarter worth approximately $206,000. Finally, UBS Group AG boosted its holdings in shares of SPDR Blackstone High Income ETF by 1,938.0% in the 3rd quarter. UBS Group AG now owns 10,251 shares of the company’s stock worth $283,000 after purchasing an additional 9,748 shares during the period.

SPDR Blackstone High Income ETF Stock Performance

Shares of SPDR Blackstone High Income ETF stock traded up $0.07 on Friday, reaching $28.02. The company had a trading volume of 75,936 shares. The firm’s 50-day simple moving average is $28.10 and its 200-day simple moving average is $27.86.

SPDR Blackstone High Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.1912 per share. The ex-dividend date was Monday, April 1st. This is a boost from SPDR Blackstone High Income ETF’s previous dividend of $0.19.

SPDR 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.