Shum Financial Group Inc. Buys New Holdings in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN)

Shum Financial Group Inc. purchased a new position in shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,157 shares of the company’s stock, valued at approximately $1,511,000. SPDR Blackstone Senior Loan ETF comprises about 1.3% of Shum Financial Group Inc.’s holdings, making the stock its 24th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of SPDR Blackstone Senior Loan ETF during the second quarter worth $33,000. Ridgewood Investments LLC purchased a new position in shares of SPDR Blackstone Senior Loan ETF during the 2nd quarter valued at about $33,000. IAG Wealth Partners LLC acquired a new position in shares of SPDR Blackstone Senior Loan ETF in the 2nd quarter valued at about $41,000. Avior Wealth Management LLC lifted its holdings in shares of SPDR Blackstone Senior Loan ETF by 214.3% in the 3rd quarter. Avior Wealth Management LLC now owns 1,034 shares of the company’s stock valued at $43,000 after buying an additional 705 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR Blackstone Senior Loan ETF in the second quarter worth about $61,000.

SPDR Blackstone Senior Loan ETF Price Performance

Shares of NYSEARCA SRLN traded down $0.03 during midday trading on Tuesday, reaching $41.95. 290,343 shares of the stock were exchanged, compared to its average volume of 3,542,468. The firm has a 50-day simple moving average of $41.81 and a two-hundred day simple moving average of $41.75. SPDR Blackstone Senior Loan ETF has a twelve month low of $40.71 and a twelve month high of $42.13.

SPDR Blackstone Senior Loan ETF Profile

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.