SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Large Volume Increase – Still a Buy?

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw an uptick in trading volume on Tuesday . 9,595,643 shares traded hands during mid-day trading, an increase of 145% from the previous session’s volume of 3,923,216 shares.The stock last traded at $41.2550 and had previously closed at $41.26.

SPDR Blackstone Senior Loan ETF Stock Down 0.0%

The company’s fifty day moving average is $41.30 and its 200 day moving average is $41.39.

Institutional Investors Weigh In On SPDR Blackstone Senior Loan ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its stake in SPDR Blackstone Senior Loan ETF by 14.5% during the second quarter. Bank of America Corp DE now owns 13,282,946 shares of the company’s stock valued at $552,438,000 after acquiring an additional 1,686,876 shares in the last quarter. UBS Group AG lifted its stake in SPDR Blackstone Senior Loan ETF by 85.3% in the 3rd quarter. UBS Group AG now owns 2,806,257 shares of the company’s stock worth $116,684,000 after purchasing an additional 1,291,980 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in shares of SPDR Blackstone Senior Loan ETF by 5,086.5% in the fourth quarter. Diversify Advisory Services LLC now owns 747,744 shares of the company’s stock worth $30,972,000 after purchasing an additional 733,327 shares during the period. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of SPDR Blackstone Senior Loan ETF in the third quarter worth $24,994,000. Finally, Ocean Park Asset Management LLC grew its position in SPDR Blackstone Senior Loan ETF by 548.8% during the fourth quarter. Ocean Park Asset Management LLC now owns 685,882 shares of the company’s stock worth $28,306,000 after buying an additional 580,165 shares in the last quarter.

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.