Webster Bank Boosts Stake in SPDR Blackstone Senior Loan ETF

Webster Bank N.A. significantly increased its holdings in the SPDR Blackstone Senior Loan ETF (NYSEARCA: SRLN) by an impressive 2,100.2% during the third quarter of 2023. According to the bank’s recent 13F filing with the Securities and Exchange Commission, Webster Bank now owns 39,273 shares of the ETF after acquiring an additional 37,488 shares during this period. The value of Webster Bank’s investment in the SPDR Blackstone Senior Loan ETF reached approximately $1,633,000 at the end of the quarter.

Other institutional investors have also been active in adjusting their positions in the SPDR Blackstone Senior Loan ETF. For instance, Bank of America Corp DE raised its stake by 14.5% in the second quarter, acquiring a total of 13,282,946 shares valued at $552,438,000 after purchasing an additional 1,686,876 shares. Quadrature Capital Ltd added a new investment in the ETF during the same quarter, valued at roughly $21,222,000.

CNO Financial Group Inc. made a notable move by increasing its stake by 141.5% during the second quarter, bringing its total to 862,000 shares worth $35,851,000 after buying an additional 505,000 shares. Additionally, Pacific Asset Management LLC expanded its position by 25.2% in the first quarter, now holding 1,971,353 shares valued at $81,082,000 after acquiring an additional 396,787 shares. Donoghue Forlines LLC also increased its stake by 33.7% in the second quarter, now owning 782,022 shares valued at $32,524,000.

Market Performance of SPDR Blackstone Senior Loan ETF

As of the latest trading session, shares of the SPDR Blackstone Senior Loan ETF opened at $41.39. The ETF has demonstrated stability with a fifty-day moving average of $41.29 and a two-hundred-day moving average of $41.40. Over the past year, the stock has experienced a low of $39.08 and a high of $42.03.

The SPDR Blackstone Senior Loan ETF primarily invests in high-yield fixed-income assets. It provides actively managed exposure to non-investment-grade, floating-rate senior secured debt of both US and international corporations, with debt instruments that reset in three months or less. The fund was launched on April 3, 2013, and it is managed by State Street.

As interest in this ETF grows among institutional investors, many are keen to monitor the latest 13F filings and insider trades. For further insights and updates, interested parties can visit reputable financial news sources.