SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Strong Trading Volume – Time to Buy?

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw strong trading volume on Tuesday . 11,048,156 shares were traded during mid-day trading, an increase of 117% from the previous session’s volume of 5,102,518 shares.The stock last traded at $40.8750 and had previously closed at $40.96.

SPDR Blackstone Senior Loan ETF Stock Performance

The firm’s fifty day moving average price is $41.29 and its 200 day moving average price is $41.37.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.2478 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Hedge Funds Weigh In On SPDR Blackstone Senior Loan ETF

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in SPDR Blackstone Senior Loan ETF by 14.5% in the second quarter. Bank of America Corp DE now owns 13,282,946 shares of the company’s stock worth $552,438,000 after acquiring an additional 1,686,876 shares in the last quarter. UBS Group AG lifted its stake in shares of SPDR Blackstone Senior Loan ETF by 85.3% in the 3rd quarter. UBS Group AG now owns 2,806,257 shares of the company’s stock valued at $116,684,000 after purchasing an additional 1,291,980 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in SPDR Blackstone Senior Loan ETF by 5,086.5% in the fourth quarter. Diversify Advisory Services LLC now owns 747,744 shares of the company’s stock worth $30,972,000 after purchasing an additional 733,327 shares in the last quarter. Liberty Mutual Group Asset Management Inc. acquired a new position in SPDR Blackstone Senior Loan ETF during the third quarter worth $24,994,000. Finally, Ocean Park Asset Management LLC increased its position in SPDR Blackstone Senior Loan ETF by 548.8% during the fourth quarter. Ocean Park Asset Management LLC now owns 685,882 shares of the company’s stock worth $28,306,000 after buying an additional 580,165 shares during the last quarter.

SPDR Blackstone Senior Loan ETF Company Profile

The SPDR Blackstone Senior Loan ETF (SRLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund provides actively managed exposure to noninvestment-grade, floating-rate senior secured debt of US and non-US corporations that resets in 3 months or less. SRLN was launched on Apr 3, 2013 and is managed by State Street.