First Trust Advisors LP Has $52.87 Million Position in First Trust Senior Loan ETF $FTSL

First Trust Advisors LP lessened its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 3.9% during the third quarter, Holdings Channel.com reports. The fund owned 1,153,692 shares of the company’s stock after selling 46,461 shares during the period. First Trust Advisors LP’s holdings in First Trust Senior Loan ETF were worth $52,870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of First Trust Senior Loan ETF by 10.5% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 172,645 shares of the company’s stock worth $7,914,000 after acquiring an additional 16,409 shares in the last quarter. Assetmark Inc. increased its stake in First Trust Senior Loan ETF by 114.7% in the third quarter. Assetmark Inc. now owns 93,582 shares of the company’s stock valued at $4,290,000 after acquiring an additional 49,990 shares during the last quarter. Algorithmic Investment Models LLC acquired a new position in First Trust Senior Loan ETF during the third quarter valued at approximately $2,456,000. Western Wealth Management LLC lifted its stake in First Trust Senior Loan ETF by 11.0% during the second quarter. Western Wealth Management LLC now owns 17,414 shares of the company’s stock worth $799,000 after purchasing an additional 1,732 shares during the last quarter. Finally, Mayflower Financial Advisors LLC bought a new stake in First Trust Senior Loan ETF during the third quarter worth $879,000.

First Trust Senior Loan ETF Stock Up 0.0%

Shares of FTSL stock opened at $44.99 on Thursday. First Trust Senior Loan ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.19. The stock’s fifty day moving average price is $45.45 and its two-hundred day moving average price is $45.74.

First Trust Senior Loan ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.24 per share. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Friday, February 20th.

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.