AE Wealth Management LLC Grows Stock Holdings in Virtus Seix Senior Loan ETF $SEIX

AE Wealth Management LLC raised its position in shares of Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 432,940 shares of the company’s stock after purchasing an additional 58,158 shares during the period. AE Wealth Management LLC owned approximately 3.77% of Virtus Seix Senior Loan ETF worth $10,107,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SEIX. Richardson Capital Management LLC purchased a new position in shares of Virtus Seix Senior Loan ETF in the third quarter worth about $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Virtus Seix Senior Loan ETF in the third quarter worth about $52,000. Tower Research Capital LLC TRC purchased a new position in shares of Virtus Seix Senior Loan ETF in the second quarter worth about $159,000. Silver Oak Securities Incorporated purchased a new position in shares of Virtus Seix Senior Loan ETF in the third quarter worth about $211,000. Finally, TrueMark Investments LLC bought a new position in shares of Virtus Seix Senior Loan ETF in the fourth quarter worth approximately $320,000.

Virtus Seix Senior Loan ETF Stock Up 0.2%

Shares of NYSEARCA SEIX opened at $23.25 on Friday. The firm’s fifty day moving average is $23.12 and its 200 day moving average is $23.31. 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 Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.1334 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Virtus Seix Senior Loan ETF’s previous monthly dividend of $0.07.

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.