First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Large Volume Increase – Still a Buy?

First Trust Senior Loan ETF (NASDAQ:FTSL – Get Free Report) saw unusually-high trading volume on Tuesday. 441,266 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 286,411 shares. The stock last traded at $44.6390 and had previously closed at $44.58.

First Trust Senior Loan ETF Price Performance

The stock has a fifty day moving average of $44.86 and a two-hundred day moving average of $44.92.

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First Trust Senior Loan ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.2250 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.70 annualized dividend and a yield of 6.1%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC purchased a new stake in First Trust Senior Loan ETF during the 2nd quarter worth $28,000. Raleigh Capital Management Inc. purchased a new position in First Trust Senior Loan ETF in the 1st quarter valued at about $30,000. Sound Income Strategies LLC grew its stake in shares of First Trust Senior Loan ETF by 140.3% during the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after acquiring an additional 599 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of First Trust Senior Loan ETF during the first quarter valued at about $78,000. Finally, Tucker Asset Management LLC increased its position in shares of First Trust Senior Loan ETF by 1,925.3% during the second quarter. Tucker Asset Management LLC now owns 1,843 shares of the company’s stock worth $82,000 after acquiring an additional 1,752 shares during the last quarter.

First Trust Senior Loan ETF Company Profile

(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.

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