Independent Financial Group LLC Takes Position in Virtus Seix Senior Loan ETF $SEIX

Independent Financial Group LLC acquired a new stake in shares of Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 21,609 shares of the company’s stock, valued at approximately $498,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Virtus Seix Senior Loan ETF in the first quarter worth approximately $635,000. JPMorgan Chase & Co. raised its stake in Virtus Seix Senior Loan ETF by 337.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 17,500 shares of the company’s stock valued at $412,000 after buying an additional 13,500 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Virtus Seix Senior Loan ETF during the 2nd quarter valued at $159,000. Thrivent Financial for Lutherans bought a new position in shares of Virtus Seix Senior Loan ETF during the 2nd quarter valued at $390,000. Finally, Creative Planning purchased a new position in shares of Virtus Seix Senior Loan ETF in the 3rd quarter worth $1,399,000.

Virtus Seix Senior Loan ETF Stock Performance

SEIX stock opened at $23.17 on Friday. Virtus Seix Senior Loan ETF has a 1 year low of $22.91 and a 1 year high of $23.74. The stock’s fifty day moving average price is $23.21 and its 200-day moving average price is $23.21.

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.