SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sets New 52-Week Low – What’s Next?

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $40.46 and last traded at $40.47, with a volume of 2785522 shares. The stock had previously closed at $40.81.

SPDR Blackstone Senior Loan ETF Trading Down 1.3 %

The business has a 50-day moving average price of $41.42 and a 200-day moving average price of $41.69.

Institutional Investors Weigh In On SPDR Blackstone Senior Loan ETF

Several institutional investors have recently added to or reduced their stakes in SRLN. Ocean Park Asset Management LLC grew its holdings in shares of SPDR Blackstone Senior Loan ETF by 2,785.0% during the fourth quarter. Ocean Park Asset Management LLC now owns 7,825,634 shares of the company’s stock valued at $326,564,000 after buying an additional 7,554,382 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in SPDR Blackstone Senior Loan ETF by 436.0% during the 4th quarter. Lord Abbett & CO. LLC now owns 3,387,056 shares of the company’s stock worth $141,342,000 after acquiring an additional 2,755,100 shares during the period. JPMorgan Chase & Co. lifted its position in SPDR Blackstone Senior Loan ETF by 69,298.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,238,786 shares of the company’s stock worth $93,425,000 after acquiring an additional 2,235,560 shares during the period. State of Tennessee Department of Treasury grew its stake in SPDR Blackstone Senior Loan ETF by 55.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 5,938,464 shares of the company’s stock valued at $247,812,000 after purchasing an additional 2,130,217 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of SPDR Blackstone Senior Loan ETF in the fourth quarter worth about $64,682,000.

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.