First Trust Senior Loan ETF (NASDAQ:FTSL – Get Free Report) declared a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Shareholders of record on Tuesday, July 21st will be given a dividend of 0.225 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, July 21st.
First Trust Senior Loan ETF Stock Down 0.4%
Shares of NASDAQ FTSL traded down $0.19 during mid-day trading on Tuesday, reaching $44.76. 151,703 shares of the company’s stock traded hands, compared to its average volume of 304,621. The business has a 50-day simple moving average of $44.94 and a 200 day simple moving average of $45.14. First Trust Senior Loan ETF has a 1-year low of $44.37 and a 1-year high of $46.15.
Institutional Trading of First Trust Senior Loan ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTSL. TD Waterhouse Canada Inc. purchased a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth approximately $679,000. CWM LLC lifted its stake in First Trust Senior Loan ETF by 8.0% in the fourth quarter. CWM LLC now owns 312,161 shares of the company’s stock valued at $14,322,000 after purchasing an additional 23,177 shares during the last quarter. Nilsine Partners LLC grew its holdings in First Trust Senior Loan ETF by 6.3% during the fourth quarter. Nilsine Partners LLC now owns 193,804 shares of the company’s stock valued at $8,892,000 after purchasing an additional 11,541 shares during the period. UBS Group AG grew its holdings in First Trust Senior Loan ETF by 4.1% during the fourth quarter. UBS Group AG now owns 815,183 shares of the company’s stock valued at $37,401,000 after purchasing an additional 31,935 shares during the period. Finally, Petix & Botte Co increased its position in First Trust Senior Loan ETF by 17.6% in the fourth quarter. Petix & Botte Co now owns 124,115 shares of the company’s stock worth $5,694,000 after buying an additional 18,574 shares during the last quarter.
First Trust Senior Loan ETF Company Profile
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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