Royal Bank of Canada Trims Holdings in TCW Senior Loan ETF $SLNZ

Royal Bank of Canada lowered its stake in shares of TCW Senior Loan ETF (NYSEARCA:SLNZ) by 82.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,130 shares of the company’s stock after selling 24,064 shares during the quarter. Royal Bank of Canada owned approximately 0.10% of TCW Senior Loan ETF worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jane Street Group LLC raised its holdings in TCW Senior Loan ETF by 395.9% in the fourth quarter. Jane Street Group LLC now owns 38,839 shares of the company’s stock valued at $1,799,000 after acquiring an additional 31,007 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in TCW Senior Loan ETF during the 1st quarter worth $2,497,000. Finally, TCW Group Inc. grew its holdings in TCW Senior Loan ETF by 1.0% during the 4th quarter. TCW Group Inc. now owns 4,204,696 shares of the company’s stock worth $194,719,000 after acquiring an additional 42,660 shares in the last quarter.

TCW Senior Loan ETF Price Performance

SLNZ opened at $45.82 on Friday. The company has a 50-day moving average of $45.69 and a 200-day moving average of $45.55. TCW Senior Loan ETF has a 1-year low of $44.58 and a 1-year high of $47.27.

About TCW Senior Loan ETF

The TCW Senior Loan ETF (SLNZ) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a focus on global senior loans of any credit quality and maturity bracket. The investment objective is to provide diversification in the fixed income space. SLNZ was launched on Jun 28, 2013 and is issued by TCW.