Moors & Cabot Inc. Acquires Shares in SPDR Blackstone Senior Loan ETF

Moors & Cabot Inc. has recently announced the acquisition of a new position in the SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) during the fourth quarter. According to the firm’s latest filing with the Securities and Exchange Commission (SEC), Moors & Cabot purchased 6,299 shares of this ETF, representing an investment valued at approximately $263,000.

In addition to Moors & Cabot, several other institutional investors and hedge funds have also been active in the market for SRLN shares. Notably, the Healthcare of Ontario Pension Plan Trust Fund acquired a new position in the ETF during the third quarter with an investment of around $470.58 million. Furthermore, Ocean Park Asset Management LLC significantly increased its stake in SRLN by 2,785.0% in the fourth quarter, resulting in ownership of a total of 7,825,634 shares, valued at about $326.56 million after acquiring an additional 7,554,382 shares.

Moreover, Arizona PSPRS Trust also raised its investment in the ETF by 2.2% in the third quarter, now holding 7,536,079 shares worth approximately $314.71 million after adding 164,185 shares. LPL Financial LLC increased its stake by 2.6% in the same quarter, resulting in ownership of 2,628,773 shares valued at around $109.78 million after purchasing an additional 67,542 shares. Additionally, the State of New Jersey Common Pension Fund D established a new position in SRLN during the fourth quarter valued at $64.68 million.

SPDR Blackstone Senior Loan ETF Price Performance

As of Monday, shares of SRLN were trading at $41.08. The ETF has a fifty-day simple moving average of $41.70, along with a 200-day simple moving average of $41.76. The SPDR Blackstone Senior Loan ETF has recorded a 52-week low of $40.71 and a 52-week high of $42.13.

SPDR Blackstone Senior Loan ETF Company Overview

The SPDR Blackstone Senior Loan ETF (SRLN) primarily invests in high-yield fixed income securities. This fund aims to provide an actively managed exposure to non-investment-grade, floating-rate senior secured debt of corporations, both within the U.S. and internationally, that resets in three months or less. Launched on April 3, 2013, the ETF is managed by State Street.

Further Insights

For investors interested in monitoring the activities of other hedge funds holding SRLN, additional insights are available through 13F filings and insider trades.

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investment, ETF, funds