SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Large Volume Increase – Here’s Why

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw unusually-strong trading volume on Friday . Approximately 6,328,502 shares traded hands during trading, an increase of 54% from the previous session’s volume of 4,119,577 shares.The stock last traded at $41.08 and had previously closed at $41.05.

SPDR Blackstone Senior Loan ETF Stock Performance

The business has a fifty day moving average of $41.70 and a 200-day moving average of $41.76.

Institutional Trading of SPDR Blackstone Senior Loan ETF

Institutional investors have recently added to or reduced their stakes in the stock. Palogic Value Management L.P. raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 6.4% in the 4th quarter. Palogic Value Management L.P. now owns 126,131 shares of the company’s stock valued at $5,263,000 after acquiring an additional 7,594 shares in the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 14.2% in the 4th quarter. Jefferies Financial Group Inc. now owns 161,583 shares of the company’s stock valued at $6,743,000 after acquiring an additional 20,047 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 2.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 20,986 shares of the company’s stock valued at $876,000 after acquiring an additional 494 shares in the last quarter. American Trust purchased a new stake in shares of SPDR Blackstone Senior Loan ETF in the 4th quarter valued at about $414,000. Finally, Western Wealth Management LLC raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 13.2% in the 4th quarter. Western Wealth Management LLC now owns 125,590 shares of the company’s stock valued at $5,241,000 after acquiring an additional 14,655 shares in 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.