Western Wealth Management LLC Has $716,000 Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Western Wealth Management LLC boosted its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,682 shares of the company’s stock after purchasing an additional 265 shares during the period. Western Wealth Management LLC’s holdings in First Trust Senior Loan ETF were worth $716,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Senior Loan ETF during the fourth quarter valued at $66,923,000. LPL Financial LLC boosted its position in First Trust Senior Loan ETF by 23.8% during the 4th quarter. LPL Financial LLC now owns 1,919,381 shares of the company’s stock worth $88,752,000 after acquiring an additional 369,005 shares during the period. Integrated Wealth Concepts LLC boosted its position in First Trust Senior Loan ETF by 1,301.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 205,066 shares of the company’s stock worth $9,482,000 after acquiring an additional 190,434 shares during the period. Wells Fargo & Company MN grew its stake in First Trust Senior Loan ETF by 10.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,506,182 shares of the company’s stock valued at $69,646,000 after acquiring an additional 148,507 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of First Trust Senior Loan ETF by 14.5% in the 4th quarter. First Trust Advisors LP now owns 1,112,764 shares of the company’s stock valued at $51,437,000 after purchasing an additional 140,722 shares during the period.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL opened at $45.89 on Friday. The company has a 50 day simple moving average of $45.79 and a 200-day simple moving average of $45.93. First Trust Senior Loan ETF has a 52-week low of $44.30 and a 52-week high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be paid a $0.2525 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $3.03 annualized dividend and a yield of 6.60%.

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.