USAdvisors Wealth Management LLC Makes New Investment in Virtus Seix Senior Loan ETF (NYSEARCA:SEIX)

USAdvisors Wealth Management LLC purchased a new stake in Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 132,013 shares of the company’s stock, valued at approximately $3,159,000. Virtus Seix Senior Loan ETF makes up 1.0% of USAdvisors Wealth Management LLC’s holdings, making the stock its 28th largest position.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Virtus Seix Senior Loan ETF by 57.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,036 shares of the company’s stock valued at $96,000 after acquiring an additional 1,476 shares in the last quarter. Elevated Capital Advisors LLC bought a new position in shares of Virtus Seix Senior Loan ETF in the fourth quarter worth $254,000. Wealthcare Advisory Partners LLC raised its stake in Virtus Seix Senior Loan ETF by 21.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,950 shares of the company’s stock valued at $262,000 after purchasing an additional 1,899 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in Virtus Seix Senior Loan ETF by 1.7% during the third quarter. Cornerstone Planning Group LLC now owns 25,030 shares of the company’s stock worth $599,000 after purchasing an additional 424 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in Virtus Seix Senior Loan ETF by 5.4% during the third quarter. Integrated Wealth Concepts LLC now owns 29,951 shares of the company’s stock worth $713,000 after buying an additional 1,526 shares in the last quarter.

Virtus Seix Senior Loan ETF Stock Performance

Shares of NYSEARCA:SEIX opened at $23.97 on Thursday. The firm has a 50 day moving average of $23.98 and a 200-day moving average of $23.90. Virtus Seix Senior Loan ETF has a 12 month low of $23.68 and a 12 month high of $24.34.

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.