PNC Financial Services Group Inc. Lowers Stock Holdings in SPDR Blackstone Senior Loan ETF $SRLN

PNC Financial Services Group Inc. reduced its position in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 92.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,669 shares of the company’s stock after selling 21,985 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR Blackstone Senior Loan ETF were worth $69,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRLN. Bank of America Corp DE lifted its stake in SPDR Blackstone Senior Loan ETF by 14.5% in the 2nd quarter. Bank of America Corp DE now owns 13,282,946 shares of the company’s stock worth $552,438,000 after purchasing an additional 1,686,876 shares in the last quarter. State Street Corp grew its position in shares of SPDR Blackstone Senior Loan ETF by 0.5% during the 2nd quarter. State Street Corp now owns 3,225,320 shares of the company’s stock valued at $134,141,000 after purchasing an additional 15,877 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of SPDR Blackstone Senior Loan ETF by 4.5% in the second quarter. 1832 Asset Management L.P. now owns 1,077,964 shares of the company’s stock worth $44,833,000 after purchasing an additional 45,976 shares during the period. HighTower Advisors LLC increased its holdings in shares of SPDR Blackstone Senior Loan ETF by 15.9% in the third quarter. HighTower Advisors LLC now owns 866,124 shares of the company’s stock worth $36,014,000 after purchasing an additional 119,041 shares during the period. Finally, CNO Financial Group Inc. raised its position in shares of SPDR Blackstone Senior Loan ETF by 141.5% in the second quarter. CNO Financial Group Inc. now owns 862,000 shares of the company’s stock worth $35,851,000 after buying an additional 505,000 shares in the last quarter.

SPDR Blackstone Senior Loan ETF Price Performance

NYSEARCA:SRLN opened at $39.76 on Friday. SPDR Blackstone Senior Loan ETF has a 52-week low of $39.08 and a 52-week high of $41.67. The stock has a fifty day moving average of $40.85 and a 200 day moving average of $41.19.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.2277 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.9%.

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.