Summit Asset Management LLC Boosts Stock Position in Virtus Seix Senior Loan ETF $SEIX

Summit Asset Management LLC grew its stake in Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) by 116.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,627 shares of the company’s stock after buying an additional 22,376 shares during the quarter. Summit Asset Management LLC’s holdings in Virtus Seix Senior Loan ETF were worth $972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Virtus Seix Senior Loan ETF by 822.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 161,455 shares of the company’s stock valued at $3,809,000 after buying an additional 143,955 shares during the period. AE Wealth Management LLC lifted its holdings in shares of Virtus Seix Senior Loan ETF by 12.9% in the 3rd quarter. AE Wealth Management LLC now owns 374,782 shares of the company’s stock valued at $8,841,000 after buying an additional 42,893 shares during the period. Westwood Wealth Management acquired a new position in shares of Virtus Seix Senior Loan ETF in the 4th quarter valued at about $1,118,000. Envestnet Asset Management Inc. lifted its holdings in shares of Virtus Seix Senior Loan ETF by 7.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 393,966 shares of the company’s stock valued at $9,294,000 after buying an additional 27,876 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Virtus Seix Senior Loan ETF by 661.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 126,200 shares of the company’s stock valued at $2,977,000 after buying an additional 109,632 shares during the period.

Virtus Seix Senior Loan ETF Price Performance

Shares of SEIX stock opened at $23.23 on Friday. The business has a 50-day simple moving average of $23.18 and a 200-day simple moving average of $23.27. Virtus Seix Senior Loan ETF has a 52-week low of $22.91 and a 52-week high of $23.76.

Virtus Seix Senior Loan ETF 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.