Nations Financial Group Inc. IA ADV Buys 12,394 Shares of First Trust Senior Loan ETF $FTSL

Nations Financial Group Inc. IA ADV increased its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,889 shares of the company’s stock after acquiring an additional 12,394 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in First Trust Senior Loan ETF were worth $7,336,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of First Trust Senior Loan ETF by 10.5% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 172,645 shares of the company’s stock valued at $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% during the 3rd quarter. Assetmark Inc. now owns 93,582 shares of the company’s stock valued at $4,290,000 after purchasing an additional 49,990 shares in the last quarter. Algorithmic Investment Models LLC bought a new stake in First Trust Senior Loan ETF during the 3rd quarter valued at $2,456,000. Mayflower Financial Advisors LLC bought a new stake in First Trust Senior Loan ETF during the 3rd quarter valued at $879,000. Finally, HBW Advisory Services LLC increased its stake in First Trust Senior Loan ETF by 66.1% during the 3rd quarter. HBW Advisory Services LLC now owns 29,393 shares of the company’s stock valued at $1,347,000 after purchasing an additional 11,693 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL stock opened at $45.07 on Thursday. The firm has a fifty day simple moving average of $44.98 and a two-hundred day simple moving average of $45.55. First Trust Senior Loan ETF has a 12 month low of $44.37 and a 12 month high of $46.19.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.235 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Thursday, March 26th.

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.