NewEdge Advisors LLC Sells 203,939 Shares of First Trust Senior Loan ETF $FTSL

NewEdge Advisors LLC reduced its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 66.3% in the first quarter, Holdings Channel.com reports. The firm owned 103,698 shares of the company’s stock after selling 203,939 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $4,646,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. New England Private Wealth Advisors LLC lifted its position in First Trust Senior Loan ETF by 2,022.3% in 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 buying an additional 1,691,007 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in 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 worth $44,125,000 after buying an additional 886,682 shares in the last quarter. Virtue Capital Management LLC grew its position in 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 acquiring an additional 671,080 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of First Trust Senior Loan ETF in the 4th quarter worth approximately $29,830,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Senior Loan ETF by 1,473.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 313,785 shares of the company’s stock worth $14,396,000 after acquiring an additional 293,847 shares during the last quarter.

First Trust Senior Loan ETF Stock Up 0.2%

Shares of First Trust Senior Loan ETF stock opened at $44.78 on Friday. First Trust Senior Loan ETF has a 52-week low of $44.37 and a 52-week high of $46.15. The company has a fifty day moving average of $44.88 and a 200-day moving average of $45.07.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) annualized dividend and a yield of 6.0%.

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.