HighTower Advisors LLC Purchases 28,477 Shares of First Trust Senior Loan ETF $FTSL

HighTower Advisors LLC lifted its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,646 shares of the company’s stock after acquiring an additional 28,477 shares during the quarter. HighTower Advisors LLC owned 0.24% of First Trust Senior Loan ETF worth $5,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in shares of First Trust Senior Loan ETF during the third quarter valued at approximately $26,000. TD Private Client Wealth LLC bought a new position in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $48,000. Pinnacle Bancorp Inc. grew its stake in shares of First Trust Senior Loan ETF by 233.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock valued at $50,000 after buying an additional 763 shares during the last quarter. Montag A & Associates Inc. bought a new position in shares of First Trust Senior Loan ETF during the third quarter valued at approximately $95,000. Finally, Topsail Wealth Management LLC bought a new position in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $101,000.

First Trust Senior Loan ETF Stock Up 0.1%

FTSL opened at $44.96 on Thursday. The stock’s 50 day moving average price is $45.01 and its 200-day moving average price is $45.41. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, May 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.