MAI Capital Management Increases Stock Position in SPDR Blackstone Senior Loan ETF $SRLN

MAI Capital Management raised its stake in shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 9,673.7% in the third quarter, Holdings Channel.com reports. The fund owned 60,499 shares of the company’s stock after purchasing an additional 59,880 shares during the period. MAI Capital Management’s holdings in SPDR Blackstone Senior Loan ETF were worth $2,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SRLN. GPS Wealth Strategies Group LLC boosted its position in shares of SPDR Blackstone Senior Loan ETF by 1,749.1% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,017 shares of the company’s stock worth $42,000 after purchasing an additional 962 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in SPDR Blackstone Senior Loan ETF in the second quarter valued at approximately $69,000. Hollencrest Capital Management lifted its stake in SPDR Blackstone Senior Loan ETF by 12.7% during the second quarter. Hollencrest Capital Management now owns 2,540 shares of the company’s stock worth $106,000 after purchasing an additional 286 shares in the last quarter. Centennial Bank AR purchased a new position in shares of SPDR Blackstone Senior Loan ETF during the third quarter worth $143,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of SPDR Blackstone Senior Loan ETF by 351.0% during the second quarter. Smartleaf Asset Management LLC now owns 4,560 shares of the company’s stock worth $190,000 after buying an additional 3,549 shares during the period.

SPDR Blackstone Senior Loan ETF Trading Down 0.7%

SRLN stock opened at $39.89 on Friday. SPDR Blackstone Senior Loan ETF has a 12-month low of $39.08 and a 12-month high of $41.72. The business’s fifty day moving average price is $40.99 and its 200 day moving average price is $41.24.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.2478 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend was Monday, February 2nd.

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.