First Trust Senior Loan ETF (NASDAQ:FTSL) Sets New 12-Month Low – Here’s Why

First Trust Senior Loan ETF (NASDAQ:FTSL) shares hit a new 52-week low on Tuesday . The stock traded as low as $43.51 and last traded at $43.51, with a volume of 118 shares changing hands. The stock had previously closed at $44.84.

First Trust Senior Loan ETF Stock Up 0.0%

The company has a 50 day moving average price of $44.88 and a two-hundred day moving average price of $45.05.

First Trust Senior Loan ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Tuesday, July 21st.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of large investors have recently made changes to their positions in FTSL. New England Private Wealth Advisors LLC increased its holdings in First Trust Senior Loan ETF by 2,022.3% during the fourth quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock valued at $81,455,000 after buying an additional 1,691,007 shares during the last quarter. Raymond James Financial Inc. raised its stake in First Trust Senior Loan ETF by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,563,161 shares of the company’s stock valued at $71,655,000 after purchasing an additional 60,649 shares during the period. Royal Bank of Canada grew its stake in First Trust Senior Loan ETF by 1.6% during the fourth quarter. Royal Bank of Canada now owns 1,550,685 shares of the company’s stock valued at $71,145,000 after acquiring an additional 25,058 shares in the last quarter. First Trust Advisors LP grew its position in shares of First Trust Senior Loan ETF by 15.7% during the first quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock valued at $57,097,000 after purchasing an additional 173,354 shares in the last quarter. Finally, One Capital Management LLC increased its position in First Trust Senior Loan ETF by 11.3% in the fourth quarter. One Capital Management LLC now owns 1,263,061 shares of the company’s stock worth $57,949,000 after purchasing an additional 128,141 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.