First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Senior Loan ETF (NASDAQ:FTSL) saw unusually-strong trading volume on Tuesday . Approximately 1,434,805 shares changed hands during mid-day trading, an increase of 408% from the previous session’s volume of 282,526 shares.The stock last traded at $44.89 and had previously closed at $44.91.

First Trust Senior Loan ETF Trading Up 0.0%

The firm has a 50-day simple moving average of $44.85 and a 200 day simple moving average of $44.94.

First Trust Senior Loan ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.225 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Friday, August 21st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. New England Private Wealth Advisors LLC grew its holdings in First Trust Senior Loan ETF by 2,022.3% in 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 purchasing an additional 1,691,007 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust Senior Loan ETF by 4.0% during the third quarter. Raymond James Financial Inc. now owns 1,563,161 shares of the company’s stock valued at $71,655,000 after purchasing an additional 60,649 shares during the last quarter. Royal Bank of Canada boosted its position in shares of First Trust Senior Loan ETF by 1.6% in the 4th quarter. Royal Bank of Canada now owns 1,550,685 shares of the company’s stock worth $71,145,000 after purchasing an additional 25,058 shares in the last quarter. First Trust Advisors LP boosted its position in shares of First Trust Senior Loan ETF by 15.7% in the 1st quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock worth $57,097,000 after purchasing an additional 173,354 shares in the last quarter. Finally, One Capital Management LLC boosted its position in shares of First Trust Senior Loan ETF by 11.3% in the 4th quarter. One Capital Management LLC now owns 1,263,061 shares of the company’s stock worth $57,949,000 after purchasing an additional 128,141 shares in the last quarter.

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.