Fortis Capital Management LLC Sells 182,440 Shares of SPDR Blackstone Senior Loan ETF $SRLN

Fortis Capital Management LLC decreased its stake in shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 91.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,366 shares of the company’s stock after selling 182,440 shares during the quarter. Fortis Capital Management LLC’s holdings in SPDR Blackstone Senior Loan ETF were worth $697,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Abound Financial LLC bought a new position in shares of SPDR Blackstone Senior Loan ETF during the fourth quarter valued at $32,000. Beacon Capital Management Inc. boosted its stake in SPDR Blackstone Senior Loan ETF by 65.2% in the 4th quarter. Beacon Capital Management Inc. now owns 846 shares of the company’s stock worth $35,000 after purchasing an additional 334 shares in the last quarter. Quarry LP bought a new position in SPDR Blackstone Senior Loan ETF in the 4th quarter worth about $36,000. Sound Income Strategies LLC purchased a new stake in SPDR Blackstone Senior Loan ETF during the 4th quarter valued at about $45,000. Finally, Cornerstone Planning Group LLC grew its position in SPDR Blackstone Senior Loan ETF by 309.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,113 shares of the company’s stock valued at $46,000 after purchasing an additional 841 shares during the last quarter.

SPDR Blackstone Senior Loan ETF Stock Performance

NYSEARCA:SRLN opened at $40.41 on Wednesday. SPDR Blackstone Senior Loan ETF has a fifty-two week low of $39.39 and a fifty-two week high of $41.67. The firm has a 50-day simple moving average of $40.36 and a two-hundred day simple moving average of $40.48.

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.