Congress Wealth Management LLC DE Makes New $2.27 Million Investment in Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN)

Congress Wealth Management LLC DE purchased a new position in shares of Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 142,749 shares of the company’s stock, valued at approximately $2,269,000. Congress Wealth Management LLC DE owned 0.05% of Highland/iBoxx Senior Loan ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNLN. OLD Mission Capital LLC purchased a new stake in Highland/iBoxx Senior Loan ETF during the 3rd quarter worth about $971,000. Morgan Stanley increased its holdings in shares of Highland/iBoxx Senior Loan ETF by 8.5% in the 2nd quarter. Morgan Stanley now owns 149,832 shares of the company’s stock valued at $2,418,000 after acquiring an additional 11,744 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Highland/iBoxx Senior Loan ETF by 7.7% in the 2nd quarter. Wells Fargo & Company MN now owns 29,092 shares of the company’s stock valued at $469,000 after acquiring an additional 2,089 shares during the last quarter. Financial Advocates Investment Management increased its holdings in shares of Highland/iBoxx Senior Loan ETF by 20.7% in the 3rd quarter. Financial Advocates Investment Management now owns 21,690 shares of the company’s stock valued at $347,000 after acquiring an additional 3,719 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Highland/iBoxx Senior Loan ETF by 43.1% in the 3rd quarter. Truist Financial Corp now owns 15,379 shares of the company’s stock valued at $246,000 after acquiring an additional 4,634 shares during the last quarter.

SNLN opened at $15.64 on Tuesday. Highland/iBoxx Senior Loan ETF has a one year low of $15.32 and a one year high of $16.24. The firm has a 50-day simple moving average of $15.64.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Monday, April 18th will be issued a $0.031 dividend. The ex-dividend date is Thursday, April 14th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from Highland/iBoxx Senior Loan ETF’s previous monthly dividend of $0.03.

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