SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Large Volume Increase

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw strong trading volume on Friday . 6,414,792 shares changed hands during mid-day trading, an increase of 140% from the previous session’s volume of 2,675,682 shares.The stock last traded at $41.86 and had previously closed at $41.78.

SPDR Blackstone Senior Loan ETF Price Performance

The business has a fifty day simple moving average of $41.90 and a 200 day simple moving average of $41.81.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. MRA Advisory Group grew its holdings in SPDR Blackstone Senior Loan ETF by 12.3% in the first quarter. MRA Advisory Group now owns 146,901 shares of the company’s stock valued at $6,186,000 after purchasing an additional 16,110 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in SPDR Blackstone Senior Loan ETF in the 1st quarter valued at about $242,000. Graypoint LLC raised its position in SPDR Blackstone Senior Loan ETF by 8.8% during the first quarter. Graypoint LLC now owns 27,141 shares of the company’s stock worth $1,143,000 after acquiring an additional 2,197 shares during the last quarter. Janney Montgomery Scott LLC raised its position in SPDR Blackstone Senior Loan ETF by 22.4% during the first quarter. Janney Montgomery Scott LLC now owns 202,541 shares of the company’s stock worth $8,529,000 after acquiring an additional 37,000 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of SPDR Blackstone Senior Loan ETF by 338.4% in the first quarter. BNP Paribas Financial Markets now owns 2,588,299 shares of the company’s stock valued at $108,993,000 after purchasing an additional 1,997,841 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.