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

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw unusually-strong trading volume on Friday . Approximately 6,328,502 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 4,119,577 shares.The stock last traded at $41.08 and had previously closed at $41.05.

SPDR Blackstone Senior Loan ETF Price Performance

The company’s 50 day simple moving average is $41.71 and its 200 day simple moving average is $41.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 1,194.5% in the 4th quarter. Bank of New York Mellon Corp now owns 564,604 shares of the company’s stock valued at $23,561,000 after purchasing an additional 520,990 shares in the last quarter. Allworth Financial LP lifted its holdings in SPDR Blackstone Senior Loan ETF by 141.4% during the 4th quarter. Allworth Financial LP now owns 14,515 shares of the company’s stock worth $609,000 after buying an additional 8,503 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of SPDR Blackstone Senior Loan ETF during the 3rd quarter worth about $4,073,000. Truist Financial Corp increased its holdings in shares of SPDR Blackstone Senior Loan ETF by 47.7% in the 4th quarter. Truist Financial Corp now owns 122,582 shares of the company’s stock valued at $5,115,000 after acquiring an additional 39,603 shares during the last quarter. Finally, Avaii Wealth Management LLC purchased a new position in shares of SPDR Blackstone Senior Loan ETF in the 4th quarter valued at about $286,000.

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.