American Financial Advisors LLC Has $1.50 Million Stock Position in First Trust Senior Loan ETF $FTSL

American Financial Advisors LLC reduced its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 4.0% in the 2nd quarter, Holdings Channel reports. The fund owned 32,699 shares of the company’s stock after selling 1,372 shares during the period. American Financial Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $1,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Park Avenue Securities LLC grew its position in First Trust Senior Loan ETF by 5.3% during the first quarter. Park Avenue Securities LLC now owns 59,058 shares of the company’s stock valued at $2,696,000 after purchasing an additional 2,953 shares in the last quarter. Comerica Bank grew its holdings in shares of First Trust Senior Loan ETF by 9.4% during the 1st quarter. Comerica Bank now owns 55,417 shares of the company’s stock valued at $2,530,000 after acquiring an additional 4,755 shares in the last quarter. Sand Hill Global Advisors LLC acquired a new position in shares of First Trust Senior Loan ETF in the first quarter worth $838,000. Armis Advisers LLC acquired a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth $3,485,000. Finally, Brighton Jones LLC raised its holdings in shares of First Trust Senior Loan ETF by 8.1% during the first quarter. Brighton Jones LLC now owns 6,335 shares of the company’s stock worth $289,000 after acquiring an additional 475 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $46.06 on Thursday. First Trust Senior Loan ETF has a one year low of $44.30 and a one year high of $46.55. The business’s 50-day moving average price is $46.00 and its two-hundred day moving average price is $45.83.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 21st were given a $0.245 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Thursday, August 21st.

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.