First Trust Senior Loan ETF $FTSL Shares Newly Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. acquired a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 68,787 shares of the company’s stock, valued at approximately $3,066,000. Valmark Advisers Inc. owned about 0.12% of First Trust Senior Loan ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTSL. Private Advisory Group LLC raised its position in shares of First Trust Senior Loan ETF by 18.9% during the 3rd quarter. Private Advisory Group LLC now owns 89,063 shares of the company’s stock valued at $3,970,000 after buying an additional 14,143 shares during the period. Fifth Third Bancorp grew its position in First Trust Senior Loan ETF by 2.5% in the third quarter. Fifth Third Bancorp now owns 38,578 shares of the company’s stock worth $1,719,000 after acquiring an additional 928 shares during the period. Brighton Jones LLC purchased a new position in First Trust Senior Loan ETF in the third quarter worth approximately $376,000. Endowment Wealth Management Inc. increased its stake in First Trust Senior Loan ETF by 16.2% during the third quarter. Endowment Wealth Management Inc. now owns 45,577 shares of the company’s stock worth $2,031,000 after acquiring an additional 6,345 shares during the last quarter. Finally, StoneX Group Inc. acquired a new stake in First Trust Senior Loan ETF during the third quarter worth $245,000.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL traded down $0.06 during mid-day trading on Friday, reaching $44.57. 428,583 shares of the company’s stock were exchanged, compared to its average volume of 303,330. First Trust Senior Loan ETF has a 52-week low of $44.25 and a 52-week high of $46.09. The company’s 50-day moving average is $44.66 and its 200-day moving average is $44.90.

First Trust Senior Loan ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were issued a $0.2250 dividend. This represents a $2.70 annualized dividend and a yield of 6.1%. The ex-dividend date was Wednesday, October 21st.

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.