SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Reaches New 12-Month Low – Time to Sell?

Shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) hit a new 52-week low during trading on Thursday . The company traded as low as $40.46 and last traded at $40.47, with a volume of 2785522 shares. The stock had previously closed at $40.81.

SPDR Blackstone Senior Loan ETF Price Performance

The business’s 50-day simple moving average is $41.49 and its two-hundred day simple moving average is $41.71.

Institutional Trading of SPDR Blackstone Senior Loan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SRLN. Ocean Park Asset Management LLC raised its stake in SPDR Blackstone Senior Loan ETF by 2,785.0% during the fourth quarter. Ocean Park Asset Management LLC now owns 7,825,634 shares of the company’s stock valued at $326,564,000 after buying an additional 7,554,382 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in SPDR Blackstone Senior Loan ETF by 436.0% during the fourth quarter. Lord Abbett & CO. LLC now owns 3,387,056 shares of the company’s stock worth $141,342,000 after purchasing an additional 2,755,100 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SPDR Blackstone Senior Loan ETF by 69,298.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,238,786 shares of the company’s stock worth $93,425,000 after purchasing an additional 2,235,560 shares during the period. State of Tennessee Department of Treasury increased its stake in SPDR Blackstone Senior Loan ETF by 55.9% during the fourth quarter. State of Tennessee Department of Treasury now owns 5,938,464 shares of the company’s stock valued at $247,812,000 after purchasing an additional 2,130,217 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of SPDR Blackstone Senior Loan ETF during the fourth quarter worth $64,682,000.

About SPDR Blackstone Senior Loan ETF

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.