SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) saw unusually-strong trading volume on Tuesday . Approximately 9,595,643 shares were traded 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 Price Performance

The business has a fifty day simple moving average of $41.30 and a 200-day simple moving average of $41.38.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Concord Asset Management LLC VA increased its position in shares of SPDR Blackstone Senior Loan ETF by 2.8% during the fourth quarter. Concord Asset Management LLC VA now owns 20,464 shares of the company’s stock valued at $845,000 after buying an additional 548 shares during the period. Concord Wealth Partners boosted its stake in shares of SPDR Blackstone Senior Loan ETF by 0.5% during the 4th quarter. Concord Wealth Partners now owns 60,747 shares of the company’s stock valued at $2,507,000 after purchasing an additional 298 shares in the last quarter. UBS Group AG lifted its position in SPDR Blackstone Senior Loan ETF by 9.2% during the fourth quarter. UBS Group AG now owns 3,063,084 shares of the company’s stock valued at $126,413,000 after buying an additional 256,827 shares during the period. Golden State Equity Partners increased its position in SPDR Blackstone Senior Loan ETF by 6.5% during the 4th quarter. Golden State Equity Partners now owns 36,897 shares of the company’s stock valued at $1,523,000 after buying an additional 2,260 shares in the last quarter. Finally, Courier Capital LLC increased its position in shares of SPDR Blackstone Senior Loan ETF by 31.7% during the fourth quarter. Courier Capital LLC now owns 43,736 shares of the company’s stock valued at $1,805,000 after acquiring an additional 10,515 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.