Algorithmic Investment Models LLC Buys New Position in First Trust Senior Loan ETF $FTSL

Algorithmic Investment Models LLC purchased a new position in First Trust Senior Loan ETF (NASDAQ:FTSL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 53,583 shares of the company’s stock, valued at approximately $2,456,000. First Trust Senior Loan ETF accounts for 1.6% of Algorithmic Investment Models LLC’s holdings, making the stock its 26th largest position.

A number of other large investors also recently modified their holdings of the business. Asset Dedication LLC acquired a new stake in shares of First Trust Senior Loan ETF in the second quarter worth $28,000. GoalVest Advisory LLC acquired a new position in First Trust Senior Loan ETF during the 2nd quarter valued at $43,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in First Trust Senior Loan ETF in the 3rd quarter valued at $137,000. CX Institutional acquired a new stake in First Trust Senior Loan ETF in the 3rd quarter worth $149,000. Finally, Qube Research & Technologies Ltd grew its position in First Trust Senior Loan ETF by 111.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock worth $149,000 after purchasing an additional 1,714 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

NASDAQ:FTSL opened at $45.09 on Monday. The firm’s 50-day moving average is $45.72 and its 200-day moving average is $45.85. First Trust Senior Loan ETF has a 52-week low of $44.30 and a 52-week high of $46.19.

First Trust Senior Loan ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 6.4%.

First Trust Senior Loan ETF 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.