Drake & Associates LLC Has $1.26 Million Holdings in Virtus Seix Senior Loan ETF $SEIX

Drake & Associates LLC lessened its stake in shares of Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) by 92.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,714 shares of the company’s stock after selling 705,391 shares during the quarter. Drake & Associates LLC owned about 0.40% of Virtus Seix Senior Loan ETF worth $1,260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SEIX. Stratos Wealth Advisors LLC boosted its position in Virtus Seix Senior Loan ETF by 3.0% during the third quarter. Stratos Wealth Advisors LLC now owns 80,615 shares of the company’s stock worth $1,902,000 after purchasing an additional 2,355 shares during the period. Prospera Financial Services Inc lifted its stake in shares of Virtus Seix Senior Loan ETF by 4.8% in the third quarter. Prospera Financial Services Inc now owns 13,948 shares of the company’s stock worth $329,000 after buying an additional 634 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Virtus Seix Senior Loan ETF by 7.6% in the third quarter. Envestnet Asset Management Inc. now owns 393,966 shares of the company’s stock worth $9,294,000 after buying an additional 27,876 shares during the last quarter. Illumine Investment Management LLC boosted its holdings in shares of Virtus Seix Senior Loan ETF by 4.2% during the 3rd quarter. Illumine Investment Management LLC now owns 160,049 shares of the company’s stock worth $3,776,000 after buying an additional 6,468 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in 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 last quarter.

Virtus Seix Senior Loan ETF Trading Up 0.2%

Shares of SEIX opened at $23.24 on Thursday. Virtus Seix Senior Loan ETF has a one year low of $22.97 and a one year high of $24.03. The company’s fifty day moving average price is $23.36 and its 200 day moving average price is $23.48.

Virtus Seix Senior Loan ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Tuesday, January 20th were given a dividend of $0.074 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, January 20th.

About Virtus Seix Senior Loan ETF

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.