Advisors Capital Management LLC Reduces Position in Highland/iBoxx Senior Loan ETF (SNLN)

Advisors Capital Management LLC reduced its holdings in Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm owned 962,161 shares of the company’s stock after selling 61,152 shares during the period. Highland/iBoxx Senior Loan ETF makes up 1.2% of Advisors Capital Management LLC’s portfolio, making the stock its 12th largest holding. Advisors Capital Management LLC’s holdings in Highland/iBoxx Senior Loan ETF were worth $16,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Highland/iBoxx Senior Loan ETF by 160.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 7,259 shares of the company’s stock worth $133,000 after purchasing an additional 4,475 shares in the last quarter. Crabel Capital Management LLC bought a new stake in shares of Highland/iBoxx Senior Loan ETF in the 3rd quarter worth approximately $207,000. Private Advisor Group LLC raised its holdings in shares of Highland/iBoxx Senior Loan ETF by 27.4% in the 3rd quarter. Private Advisor Group LLC now owns 19,331 shares of the company’s stock worth $353,000 after purchasing an additional 4,157 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Highland/iBoxx Senior Loan ETF by 40.9% in the 3rd quarter. MML Investors Services LLC now owns 26,722 shares of the company’s stock worth $488,000 after purchasing an additional 7,753 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Highland/iBoxx Senior Loan ETF by 28.8% in the 2nd quarter. Raymond James & Associates now owns 36,299 shares of the company’s stock worth $657,000 after purchasing an additional 8,124 shares in the last quarter.

Shares of NASDAQ SNLN traded up $0.03 during midday trading on Thursday, reaching $17.49. The company’s stock had a trading volume of 6,200 shares, compared to its average volume of 290,410. Highland/iBoxx Senior Loan ETF has a one year low of $16.62 and a one year high of $18.41.

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 31st. Investors of record on Wednesday, January 16th will be issued a $0.0748 dividend. The ex-dividend date is Tuesday, January 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.13%.

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Want to see what other hedge funds are holding SNLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN).

Institutional Ownership by Quarter for Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN)

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