Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN) Trading 0.1% Higher

Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN – Get Rating) shares traded up 0.1% during mid-day trading on Wednesday . The company traded as high as $14.56 and last traded at $14.44. 1,669 shares changed hands during trading, a decline of 65% from the average session volume of 4,784 shares. The stock had previously closed at $14.42.

Highland/iBoxx Senior Loan ETF Trading Up 0.1 %

The business’s 50-day moving average price is $14.55 and its 200-day moving average price is $14.65.

Highland/iBoxx Senior Loan ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.096 per share. This is an increase from Highland/iBoxx Senior Loan ETF’s previous monthly dividend of $0.09. The ex-dividend date is Monday, May 15th. This represents a $1.15 annualized dividend and a dividend yield of 7.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC increased its stake in shares of Highland/iBoxx Senior Loan ETF by 554.0% during the third quarter. Jane Street Group LLC now owns 559,802 shares of the company’s stock worth $8,184,000 after acquiring an additional 474,210 shares during the period. LPL Financial LLC grew its position in Highland/iBoxx Senior Loan ETF by 4.9% during the first quarter. LPL Financial LLC now owns 76,196 shares of the company’s stock worth $1,122,000 after buying an additional 3,543 shares during the period. Adams Wealth Management purchased a new position in Highland/iBoxx Senior Loan ETF in the 1st quarter valued at approximately $423,000. Flow Traders U.S. LLC raised its holdings in Highland/iBoxx Senior Loan ETF by 46.5% during the first quarter. Flow Traders U.S. LLC now owns 21,185 shares of the company’s stock worth $312,000 after purchasing an additional 6,720 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Highland/iBoxx Senior Loan ETF by 15.4% during the first quarter. Stifel Financial Corp now owns 20,028 shares of the company’s stock worth $295,000 after purchasing an additional 2,675 shares in the last quarter.

Highland/iBoxx Senior Loan ETF Company Profile

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The Highland\u002FiBoxx Senior Loan ETF (SNLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index comprised of 100 senior loans with at least one year remaining in maturity. Loans are selected by liquidity and weighted by market value. SNLN was launched on Nov 8, 2012 and is managed by Highland.