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

First Trust Senior Loan ETF (NASDAQ:FTSL – Get Free Report) hit a new 52-week low on Friday . The company traded as low as $44.23 and last traded at $44.23, with a volume of 135 shares. The stock had previously closed at $44.70.

First Trust Senior Loan ETF Stock Down 1.1%

The company has a 50 day simple moving average of $45.03 and a 200-day simple moving average of $45.26.

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First Trust Senior Loan ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, June 25th.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of large investors have recently bought and sold shares of FTSL. Triumph Capital Management bought a new position in shares of First Trust Senior Loan ETF during the 3rd quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of First Trust Senior Loan ETF in the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC bought a new stake in shares of First Trust Senior Loan ETF in the fourth quarter worth $30,000. Sound Income Strategies LLC boosted its holdings in 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 worth $46,000 after purchasing an additional 599 shares during the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in First Trust Senior Loan ETF during the fourth quarter worth $48,000.

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.

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