NewEdge Advisors LLC Lowers Position in First Trust Senior Loan ETF $FTSL

NewEdge Advisors LLC decreased its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL – Free Report) by 66.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,698 shares of the company’s stock after selling 203,939 shares during the period. NewEdge Advisors LLC owned approximately 0.21% of First Trust Senior Loan ETF worth $4,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTSL. Arkadios Wealth Advisors purchased a new stake in shares of First Trust Senior Loan ETF in the 1st quarter valued at about $1,929,000. Arete Wealth Advisors LLC grew its holdings in shares of First Trust Senior Loan ETF by 0.8% during the first quarter. Arete Wealth Advisors LLC now owns 44,621 shares of the company’s stock worth $2,000,000 after purchasing an additional 358 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in shares of First Trust Senior Loan ETF during the first quarter worth about $453,000. Waverly Advisors LLC increased its position in shares of First Trust Senior Loan ETF by 4.7% in the first quarter. Waverly Advisors LLC now owns 47,921 shares of the company’s stock worth $2,147,000 after purchasing an additional 2,139 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of First Trust Senior Loan ETF by 15.7% in the first 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 during the last quarter.

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First Trust Senior Loan ETF Stock Up 0.2%

Shares of FTSL opened at $44.78 on Friday. First Trust Senior Loan ETF has a 1-year low of $44.37 and a 1-year high of $46.15. The firm’s 50 day simple moving average is $44.88 and its 200 day simple moving average is $45.07.

First Trust Senior Loan ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

About First Trust Senior Loan ETF

(Free Report)

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.

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