Bristlecone Advisors LLC has reduced its stake in the TCW Senior Loan ETF (NYSEARCA: SLNZ) by 28.3% during the second quarter of 2023. According to a filing with the U.S. Securities and Exchange Commission (SEC), the institutional investor now holds 3,478 shares of the fund after selling 1,372 shares.
As of June 30, 2023, Bristlecone Advisors’ holdings in the TCW Senior Loan ETF were valued at approximately $164,000. This adjustment comes as several other institutional investors and hedge funds also modified their positions in the ETF during the same period.
Investment Movements Among Major Firms
In the first quarter of 2023, Goldman Sachs Group Inc. entered the market with a new stake in the TCW Senior Loan ETF worth $2,497,000. Similarly, WBI Investments LLC established a new position valued at $606,000. Cetera Investment Advisers increased its holdings in the ETF by 16.7%, acquiring an additional 11,105 shares, bringing its total to 77,616 shares worth approximately $3,669,000.
Moody National Bank Trust Division also expanded its stake by 3.4% during the second quarter, raising its total holdings to 163,927 shares, valued at around $7,706,000 after purchasing another 5,382 shares. Additionally, PFG Investments LLC acquired a new stake worth $244,000 in the same period.
Current Market Performance and Fund Overview
On Thursday, TCW Senior Loan ETF shares opened at $46.84, reflecting a slight decline of 0.2%. The ETF has seen a 52-week low of $46.00 and a high of $48.09. Its fifty-day simple moving average stands at $46.90, with a 200-day moving average of $46.98.
The TCW Senior Loan ETF is an actively managed fund primarily focused on global senior loans, regardless of credit quality or maturity. The fund aims to provide diversification within the fixed income sector, appealing to investors looking for exposure to credit markets.
For those interested in tracking additional investments in the TCW Senior Loan ETF, platforms like HoldingsChannel.com offer updated insights on 13F filings and insider trades.
