Benjamin Edwards Inc. Sells 11,241 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Benjamin Edwards Inc. decreased its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 71.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,392 shares of the company’s stock after selling 11,241 shares during the period. Benjamin Edwards Inc.’s holdings in First Trust Senior Loan ETF were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTSL. LPL Financial LLC raised its position in shares of First Trust Senior Loan ETF by 23.8% during the fourth quarter. LPL Financial LLC now owns 1,919,381 shares of the company’s stock worth $88,752,000 after purchasing an additional 369,005 shares during the period. Wells Fargo & Company MN raised its position in shares of First Trust Senior Loan ETF by 10.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,506,182 shares of the company’s stock worth $69,646,000 after purchasing an additional 148,507 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust Senior Loan ETF during the fourth quarter worth about $66,923,000. First Trust Advisors LP raised its position in shares of First Trust Senior Loan ETF by 14.5% during the fourth quarter. First Trust Advisors LP now owns 1,112,764 shares of the company’s stock worth $51,437,000 after purchasing an additional 140,722 shares during the period. Finally, One Capital Management LLC raised its position in First Trust Senior Loan ETF by 2.0% in the 4th quarter. One Capital Management LLC now owns 1,016,160 shares of the company’s stock valued at $46,987,000 after buying an additional 19,482 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock opened at $45.75 on Monday. The business’s 50 day simple moving average is $45.58 and its 200 day simple moving average is $46.01. 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 company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were given a $0.2575 dividend. This represents a $3.09 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date was Tuesday, April 22nd.

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.