Highland/iBoxx Senior Loan ETF (SNLN) to Issue Monthly Dividend of $0.04 on January 31st

Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN) announced a monthly dividend on Thursday, January 13th, Zacks reports. Shareholders of record on Tuesday, January 18th will be paid a dividend of 0.044 per share on Monday, January 31st. This represents a $0.53 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, January 14th.

Shares of SNLN stock opened at $15.89 on Friday. The firm has a 50 day moving average price of $15.93 and a two-hundred day moving average price of $16.02. Highland/iBoxx Senior Loan ETF has a 12-month low of $15.75 and a 12-month high of $16.26.

A number of institutional investors and hedge funds have recently made changes to their positions in SNLN. LPL Financial LLC grew its stake in shares of Highland/iBoxx Senior Loan ETF by 7.9% in the third quarter. LPL Financial LLC now owns 58,985 shares of the company’s stock worth $944,000 after purchasing an additional 4,333 shares during the last quarter. Morgan Stanley grew its stake in shares of Highland/iBoxx Senior Loan ETF by 8.5% in the second quarter. Morgan Stanley now owns 149,832 shares of the company’s stock worth $2,418,000 after purchasing an additional 11,744 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Highland/iBoxx Senior Loan ETF by 7.7% in the second quarter. Wells Fargo & Company MN now owns 29,092 shares of the company’s stock worth $469,000 after purchasing an additional 2,089 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of Highland/iBoxx Senior Loan ETF in the third quarter worth $971,000.

See Also: Dividend

Dividend History for Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN)

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