Drive Wealth Management LLC Acquires 66,000 Shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN)

Drive Wealth Management LLC increased its holdings in shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 58.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 178,615 shares of the company’s stock after purchasing an additional 66,000 shares during the quarter. SPDR Blackstone Senior Loan ETF accounts for 1.9% of Drive Wealth Management LLC’s holdings, making the stock its 11th biggest position. Drive Wealth Management LLC owned approximately 0.13% of SPDR Blackstone Senior Loan ETF worth $7,459,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Heritage Wealth Management Inc. CA boosted its position in shares of SPDR Blackstone Senior Loan ETF by 0.9% during the third quarter. Heritage Wealth Management Inc. CA now owns 28,017 shares of the company’s stock worth $1,170,000 after buying an additional 246 shares during the period. Compass Financial Group Inc. boosted its position in SPDR Blackstone Senior Loan ETF by 0.5% during the 3rd quarter. Compass Financial Group Inc. now owns 53,007 shares of the company’s stock worth $2,214,000 after acquiring an additional 251 shares during the last quarter. Capital CS Group LLC boosted its position in SPDR Blackstone Senior Loan ETF by 4.2% during the 3rd quarter. Capital CS Group LLC now owns 6,262 shares of the company’s stock worth $261,000 after acquiring an additional 253 shares during the last quarter. Courier Capital LLC grew its stake in shares of SPDR Blackstone Senior Loan ETF by 0.8% during the 2nd quarter. Courier Capital LLC now owns 32,779 shares of the company’s stock worth $1,370,000 after acquiring an additional 273 shares in the last quarter. Finally, Planned Solutions Inc. raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 4.7% in the second quarter. Planned Solutions Inc. now owns 6,260 shares of the company’s stock valued at $262,000 after purchasing an additional 281 shares during the last quarter.

SPDR Blackstone Senior Loan ETF Stock Performance

Shares of SRLN opened at $41.86 on Monday. SPDR Blackstone Senior Loan ETF has a 12 month low of $40.71 and a 12 month high of $42.13. The firm has a fifty day simple moving average of $41.77 and a 200 day simple moving average of $41.74.

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.