First Trust Senior Loan ETF $FTSL Shares Purchased by TL Private Wealth

TL Private Wealth boosted its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 516,243 shares of the company’s stock after purchasing an additional 59,924 shares during the quarter. First Trust Senior Loan ETF comprises 9.5% of TL Private Wealth’s holdings, making the stock its 4th biggest position. TL Private Wealth’s holdings in First Trust Senior Loan ETF were worth $23,613,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FTSL. Valmark Advisers Inc. raised its stake in shares of First Trust Senior Loan ETF by 0.5% during the second quarter. Valmark Advisers Inc. now owns 40,221 shares of the company’s stock worth $1,846,000 after buying an additional 218 shares during the last quarter. Uptick Partners LLC boosted its stake in First Trust Senior Loan ETF by 2.8% in the second quarter. Uptick Partners LLC now owns 9,903 shares of the company’s stock valued at $454,000 after acquiring an additional 271 shares during the last quarter. Private Trust Co. NA grew its holdings in First Trust Senior Loan ETF by 2.7% during the 2nd quarter. Private Trust Co. NA now owns 10,548 shares of the company’s stock worth $484,000 after acquiring an additional 278 shares during the period. Bank of Montreal Can raised its position in shares of First Trust Senior Loan ETF by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 19,638 shares of the company’s stock valued at $901,000 after acquiring an additional 278 shares during the last quarter. Finally, Fifth Third Securities Inc. raised its position in shares of First Trust Senior Loan ETF by 0.4% during the 2nd quarter. Fifth Third Securities Inc. now owns 74,222 shares of the company’s stock valued at $3,406,000 after acquiring an additional 290 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

NASDAQ:FTSL opened at $45.86 on Tuesday. First Trust Senior Loan ETF has a 12-month low of $44.30 and a 12-month high of $46.52. The stock’s fifty day simple moving average is $45.85 and its 200-day simple moving average is $45.93.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.24 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, December 12th.

First Trust Senior Loan ETF 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.