Drive Wealth Management LLC Grows Stake in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN)

Drive Wealth Management LLC grew its holdings in shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,269 shares of the company’s stock after purchasing an additional 18,654 shares during the quarter. SPDR Blackstone Senior Loan ETF comprises about 2.0% of Drive Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Drive Wealth Management LLC’s holdings in SPDR Blackstone Senior Loan ETF were worth $8,232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SRLN. Continuum Advisory LLC raised its holdings in SPDR Blackstone Senior Loan ETF by 269.9% in the 3rd quarter. Continuum Advisory LLC now owns 640 shares of the company’s stock worth $27,000 after acquiring an additional 467 shares during the period. Global Trust Asset Management LLC acquired a new position in SPDR Blackstone Senior Loan ETF during the 4th quarter worth $30,000. Avior Wealth Management LLC lifted its position in SPDR Blackstone Senior Loan ETF by 214.3% during the 3rd quarter. Avior Wealth Management LLC now owns 1,034 shares of the company’s stock worth $43,000 after acquiring an additional 705 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in SPDR Blackstone Senior Loan ETF during the 3rd quarter worth $66,000. Finally, Matrix Trust Co acquired a new position in SPDR Blackstone Senior Loan ETF during the 3rd quarter worth $68,000.

SPDR Blackstone Senior Loan ETF Price Performance

SPDR Blackstone Senior Loan ETF stock opened at $41.99 on Monday. SPDR Blackstone Senior Loan ETF has a fifty-two week low of $40.71 and a fifty-two week high of $42.13. The firm has a fifty day moving average price of $41.87 and a two-hundred day moving average price of $41.75.

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.