First Trust Senior Loan ETF (NASDAQ:FTSL) Sets New 1-Year Low – Time to Sell?

First Trust Senior Loan ETF (NASDAQ:FTSLGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $43.51 and last traded at $43.51, with a volume of 118 shares trading hands. The stock had previously closed at $44.84.

First Trust Senior Loan ETF Trading Up 0.0%

The stock’s 50-day simple moving average is $44.88 and its 200-day simple moving average is $45.05.

First Trust Senior Loan ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.225 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Tuesday, July 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FTSL. New England Private Wealth Advisors LLC increased its holdings in shares of First Trust Senior Loan ETF by 2,022.3% during the fourth quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock valued at $81,455,000 after acquiring an additional 1,691,007 shares in the last quarter. Raymond James Financial Inc. grew its position in First Trust Senior Loan ETF by 4.0% during the 3rd 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 increased its stake in First Trust Senior Loan ETF by 1.6% during the 4th quarter. Royal Bank of Canada now owns 1,550,685 shares of the company’s stock valued at $71,145,000 after purchasing an additional 25,058 shares in the last quarter. First Trust Advisors LP increased its stake in First Trust Senior Loan ETF by 15.7% during the 1st quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock valued at $57,097,000 after purchasing an additional 173,354 shares in the last quarter. Finally, One Capital Management LLC raised its holdings in First Trust Senior Loan ETF by 11.3% in the fourth quarter. One Capital Management LLC now owns 1,263,061 shares of the company’s stock worth $57,949,000 after buying an additional 128,141 shares during the last quarter.

About First Trust Senior Loan ETF

(Get 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.

Further Reading

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