First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Large Volume Increase – What’s Next?

First Trust Senior Loan ETF (NASDAQ:FTSL) saw unusually-high trading volume on Tuesday. 441,266 shares changed hands during trading, an increase of 54% from the previous session’s volume of 286,411 shares. The stock last traded at $44.6390 and had previously closed at $44.58.

First Trust Senior Loan ETF Stock Up 0.1%

The stock’s fifty day simple moving average is $44.87 and its 200-day simple moving average is $44.93.

First Trust Senior Loan ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be issued a $0.2250 dividend. This represents a $2.70 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, September 24th.

Institutional Trading of First Trust Senior Loan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its position in First Trust Senior Loan ETF by 1.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 39,043 shares of the company’s stock worth $1,747,000 after purchasing an additional 690 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Senior Loan ETF by 5.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 884,010 shares of the company’s stock valued at $39,559,000 after purchasing an additional 47,005 shares in the last quarter. Bullseye Investment Management LLC acquired a new position in shares of First Trust Senior Loan ETF in the 2nd quarter valued at $109,000. Capital Analysts LLC boosted its holdings in First Trust Senior Loan ETF by 5.5% during the second quarter. Capital Analysts LLC now owns 10,448 shares of the company’s stock worth $468,000 after buying an additional 545 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in First Trust Senior Loan ETF by 183.0% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 15,000 shares of the company’s stock worth $671,000 after buying an additional 9,700 shares in the last quarter.

About First Trust Senior Loan ETF

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.