IFP Advisors Inc Sells 62,974 Shares of 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% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 35,987 shares of the company’s stock after selling 62,974 shares during the period. IFP Advisors Inc’s holdings in Harbor Scientific Alpha High-Yield ETF were worth $1,669,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of Harbor Scientific Alpha High-Yield ETF in the 2nd quarter worth approximately $197,000. Greenwood Capital Associates LLC raised 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 valued at $330,000 after buying an additional 2,712 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake 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 last quarter. SK Wealth Management LLC boosted its holdings 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 worth $1,069,000 after acquiring 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 worth $1,944,000.

Harbor Scientific Alpha High-Yield ETF Price Performance

NYSEARCA SIHY opened at $44.38 on Friday. Harbor Scientific Alpha High-Yield ETF has a 12 month low of $42.38 and a 12 month high of $46.69. The stock’s fifty 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 company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.2192 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Harbor Scientific Alpha High-Yield ETF Company 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.