Drive Wealth Management LLC Reduces Stock Holdings in SPDR Blackstone Senior Loan ETF $SRLN

Drive Wealth Management LLC decreased its stake in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,104 shares of the company’s stock after selling 100,099 shares during the quarter. Drive Wealth Management LLC’s holdings in SPDR Blackstone Senior Loan ETF were worth $3,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC boosted its holdings in shares of SPDR Blackstone Senior Loan ETF by 1,749.1% in 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. Sound Income Strategies LLC purchased a new position in shares of SPDR Blackstone Senior Loan ETF in the 4th quarter worth approximately $45,000. Cornerstone Planning Group LLC boosted its holdings in shares of SPDR Blackstone Senior Loan ETF by 309.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,113 shares of the company’s stock worth $46,000 after purchasing an additional 841 shares during the period. Triumph Capital Management purchased a new position in shares of SPDR Blackstone Senior Loan ETF in the 3rd quarter worth approximately $54,000. Finally, Trust Co. of Vermont boosted its holdings in shares of SPDR Blackstone Senior Loan ETF by 70,500.0% in the 4th quarter. Trust Co. of Vermont now owns 1,412 shares of the company’s stock worth $58,000 after purchasing an additional 1,410 shares during the period.

SPDR Blackstone Senior Loan ETF Stock Performance

Shares of SPDR Blackstone Senior Loan ETF stock opened at $40.58 on Monday. The stock has a 50 day moving average price of $40.18 and a 200-day moving average price of $40.83. SPDR Blackstone Senior Loan ETF has a one year low of $39.39 and a one year high of $41.67.

SPDR Blackstone Senior Loan ETF 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.