Andina Capital Management LLC Takes Position in First Trust Senior Loan ETF $FTSL

Andina Capital Management LLC bought a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 76,882 shares of the company’s stock, valued at approximately $3,524,000. First Trust Senior Loan ETF comprises approximately 2.0% of Andina Capital Management LLC’s holdings, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of First Trust Senior Loan ETF by 7.2% in the 2nd quarter. First Trust Advisors LP now owns 1,200,153 shares of the company’s stock valued at $55,104,000 after acquiring an additional 80,291 shares during the period. Flaharty Asset Management LLC raised its holdings in shares of First Trust Senior Loan ETF by 1.1% in the 2nd quarter. Flaharty Asset Management LLC now owns 723,967 shares of the company’s stock valued at $33,223,000 after purchasing an additional 8,215 shares during the period. Welch & Forbes LLC lifted its stake in First Trust Senior Loan ETF by 3.3% in the 2nd quarter. Welch & Forbes LLC now owns 682,178 shares of the company’s stock valued at $31,305,000 after purchasing an additional 21,844 shares during the last quarter. TL Private Wealth grew its holdings in First Trust Senior Loan ETF by 13.1% during the third quarter. TL Private Wealth now owns 516,243 shares of the company’s stock worth $23,613,000 after purchasing an additional 59,924 shares during the period. Finally, Cyndeo Wealth Partners LLC grew its holdings in First Trust Senior Loan ETF by 1.0% during the second quarter. Cyndeo Wealth Partners LLC now owns 392,122 shares of the company’s stock worth $17,994,000 after purchasing an additional 3,975 shares during the period.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ FTSL opened at $45.80 on Thursday. The business’s 50 day moving average price is $45.93 and its two-hundred day moving average price is $45.93. First Trust Senior Loan ETF has a twelve month low of $44.30 and a twelve month high of $46.35.

First Trust Senior Loan ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.