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

Shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw unusually-strong trading volume on Tuesday . Approximately 11,048,156 shares were traded during 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 Down 0.2%

The company’s 50 day moving average price is $41.24 and its two-hundred day moving average price is $41.36.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The firm 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. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, February 2nd.

Hedge Funds Weigh In On SPDR Blackstone Senior Loan ETF

A number of institutional investors have recently bought and sold shares of SRLN. MeadowBrook Investment Advisors LLC bought a new position in shares of SPDR Blackstone Senior Loan ETF in the second quarter worth about $33,000. GPS Wealth Strategies Group LLC increased its holdings in 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 acquiring an additional 962 shares in the last quarter. Sound Income Strategies LLC bought a new stake in SPDR Blackstone Senior Loan ETF during the 4th quarter worth approximately $45,000. Cornerstone Planning Group LLC raised its stake in SPDR Blackstone Senior Loan ETF by 309.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,113 shares of the company’s stock worth $46,000 after acquiring an additional 841 shares during the period. Finally, Triumph Capital Management purchased a new position in SPDR Blackstone Senior Loan ETF during the third quarter valued at approximately $54,000.

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.