Friedenthal Financial Has $1.82 Million Stake in SPDR Blackstone Senior Loan ETF $SRLN

Friedenthal Financial raised its stake in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 8.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,750 shares of the company’s stock after buying an additional 3,505 shares during the period. SPDR Blackstone Senior Loan ETF comprises 1.0% of Friedenthal Financial’s holdings, making the stock its 24th largest position. Friedenthal Financial’s holdings in SPDR Blackstone Senior Loan ETF were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SRLN. Hughes Financial Services LLC acquired a new position in SPDR Blackstone Senior Loan ETF in the first quarter valued at about $25,000. Abound Financial LLC acquired a new position in SPDR Blackstone Senior Loan ETF in the first quarter valued at about $40,000. Mather Group LLC. acquired a new position in SPDR Blackstone Senior Loan ETF in the first quarter valued at about $41,000. Smartleaf Asset Management LLC lifted its stake in SPDR Blackstone Senior Loan ETF by 177.7% in the first quarter. Smartleaf Asset Management LLC now owns 1,011 shares of the company’s stock valued at $42,000 after buying an additional 647 shares during the period. Finally, Rakuten Securities Inc. lifted its stake in SPDR Blackstone Senior Loan ETF by 182.6% in the first quarter. Rakuten Securities Inc. now owns 1,433 shares of the company’s stock valued at $59,000 after buying an additional 926 shares during the period.

SPDR Blackstone Senior Loan ETF Price Performance

NYSEARCA:SRLN opened at $41.33 on Wednesday. SPDR Blackstone Senior Loan ETF has a 1-year low of $39.08 and a 1-year high of $42.09. The business’s 50-day moving average price is $41.49 and its two-hundred day moving average price is $41.20.

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.