First Trust Advisors LP Boosts Stock Position in First Trust Senior Loan ETF $FTSL

First Trust Advisors LP boosted its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 15.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,274,813 shares of the company’s stock after purchasing an additional 173,354 shares during the quarter. First Trust Advisors LP’s holdings in First Trust Senior Loan ETF were worth $57,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTSL. New England Private Wealth Advisors LLC grew its holdings in shares of First Trust Senior Loan ETF by 2,022.3% during the fourth quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after buying an additional 1,691,007 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Senior Loan ETF by 7,657.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 898,262 shares of the company’s stock worth $44,125,000 after acquiring an additional 886,682 shares during the last quarter. Virtue Capital Management LLC boosted its position in First Trust Senior Loan ETF by 3,790.6% during the fourth quarter. Virtue Capital Management LLC now owns 688,784 shares of the company’s stock worth $31,622,000 after acquiring an additional 671,080 shares during the last quarter. Focus Partners Wealth purchased a new stake in First Trust Senior Loan ETF in the 4th quarter worth approximately $29,830,000. Finally, Concurrent Investment Advisors LLC raised its holdings in First Trust Senior Loan ETF by 1,473.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 313,785 shares of the company’s stock valued at $14,396,000 after acquiring an additional 293,847 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

FTSL stock opened at $44.74 on Monday. First Trust Senior Loan ETF has a 1 year low of $44.37 and a 1 year high of $46.15. The stock has a 50-day simple moving average of $44.91 and a 200-day simple moving average of $45.11.

First Trust Senior Loan ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a $0.225 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Tuesday, July 21st.

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.