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

Shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw an uptick in trading volume on Friday . 11,986,191 shares changed hands during mid-day trading, an increase of 99% from the previous session’s volume of 6,032,190 shares.The stock last traded at $39.80 and had previously closed at $40.42.

SPDR Blackstone Senior Loan ETF Stock Down 1.3 %

The business has a fifty day moving average price of $41.42 and a 200 day moving average price of $41.69.

Institutional Trading of SPDR Blackstone Senior Loan ETF

A number of institutional investors have recently made changes to their positions in SRLN. Continuum Advisory LLC grew its stake in SPDR Blackstone Senior Loan ETF by 269.9% in the third quarter. Continuum Advisory LLC now owns 640 shares of the company’s stock valued at $27,000 after purchasing an additional 467 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in SPDR Blackstone Senior Loan ETF during the fourth quarter worth $30,000. TD Private Client Wealth LLC acquired a new stake in SPDR Blackstone Senior Loan ETF in the fourth quarter valued at $34,000. First Horizon Advisors Inc. lifted its stake in SPDR Blackstone Senior Loan ETF by 170.0% in the fourth quarter. First Horizon Advisors Inc. now owns 845 shares of the company’s stock valued at $35,000 after acquiring an additional 532 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of SPDR Blackstone Senior Loan ETF by 3,659.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,203 shares of the company’s stock valued at $50,000 after acquiring an additional 1,171 shares during the period.

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.