AE Wealth Management LLC Increases Position in Virtus Seix Senior Loan ETF $SEIX

AE Wealth Management LLC raised its position in shares of Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) by 12.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 374,782 shares of the company’s stock after buying an additional 42,893 shares during the period. AE Wealth Management LLC’s holdings in Virtus Seix Senior Loan ETF were worth $8,841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Richardson Capital Management LLC acquired a new position in Virtus Seix Senior Loan ETF during the 3rd quarter worth about $30,000. Geneos Wealth Management Inc. purchased a new stake in Virtus Seix Senior Loan ETF during the third quarter worth about $52,000. Tower Research Capital LLC TRC acquired a new stake in shares of Virtus Seix Senior Loan ETF during the second quarter worth about $159,000. Silver Oak Securities Incorporated acquired a new stake in shares of Virtus Seix Senior Loan ETF during the third quarter worth about $211,000. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of Virtus Seix Senior Loan ETF in the second quarter valued at approximately $215,000.

Virtus Seix Senior Loan ETF Stock Performance

Shares of SEIX stock opened at $23.24 on Friday. Virtus Seix Senior Loan ETF has a fifty-two week low of $22.97 and a fifty-two week high of $24.03. The company has a 50 day moving average price of $23.39 and a 200 day moving average price of $23.51.

Virtus Seix Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were paid a $0.074 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Virtus Seix Senior Loan ETF Company Profile

The Virtus Seix Senior Loan ETF (SEIX) is an exchange-traded fund that is based on the Credit Suisse Leveraged Loan index. The fund provides actively-managed exposure to noninvestment-grade, floating-rate loans made by banks to US corporations. SEIX was launched on Apr 24, 2019 and is managed by Virtus.