Concurrent Investment Advisors LLC Boosts Position in First Trust Senior Loan ETF $FTSL

Concurrent Investment Advisors LLC raised its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 107.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 593,455 shares of the company’s stock after purchasing an additional 307,204 shares during the period. Concurrent Investment Advisors LLC owned 1.15% of First Trust Senior Loan ETF worth $26,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FTSL. New England Private Wealth Advisors LLC increased its position in First Trust Senior Loan ETF by 2,022.3% during the 4th quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after purchasing an additional 1,691,007 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Senior Loan ETF by 7,657.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 898,262 shares of the company’s stock valued at $44,125,000 after buying an additional 886,682 shares during the last quarter. Virtue Capital Management LLC lifted its stake in shares of First Trust Senior Loan ETF by 3,790.6% during the fourth quarter. Virtue Capital Management LLC now owns 688,784 shares of the company’s stock valued at $31,622,000 after buying an additional 671,080 shares during the period. Focus Partners Wealth acquired a new stake in First Trust Senior Loan ETF during the fourth quarter worth approximately $29,830,000. Finally, Tower Research Capital LLC TRC boosted its position in First Trust Senior Loan ETF by 2,111,777.8% during the second quarter. Tower Research Capital LLC TRC now owns 190,069 shares of the company’s stock worth $8,722,000 after acquiring an additional 190,060 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ:FTSL opened at $44.90 on Friday. First Trust Senior Loan ETF has a 12-month low of $44.37 and a 12-month high of $46.15. The stock’s 50-day moving average price is $44.86 and its two-hundred day moving average price is $44.94.

First Trust Senior Loan ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a $0.225 dividend. The ex-dividend date was Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.