Concorde Asset Management LLC Makes New $3.28 Million Investment in First Trust Senior Loan ETF $FTSL

Concorde Asset Management LLC purchased a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 73,167 shares of the company’s stock, valued at approximately $3,278,000. First Trust Senior Loan ETF comprises about 1.6% of Concorde Asset Management LLC’s portfolio, making the stock its 16th largest position. Concorde Asset Management LLC owned approximately 0.15% of First Trust Senior Loan ETF at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Helium Advisors LLC raised its position in shares of First Trust Senior Loan ETF by 1.6% in the 4th quarter. Helium Advisors LLC now owns 15,360 shares of the company’s stock valued at $705,000 after purchasing an additional 238 shares during the last quarter. Tower Research Capital LLC TRC grew its position in First Trust Senior Loan ETF by 0.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 40,887 shares of the company’s stock worth $1,876,000 after purchasing an additional 253 shares during the last quarter. Strategic Blueprint LLC increased its stake in First Trust Senior Loan ETF by 1.5% during the 4th quarter. Strategic Blueprint LLC now owns 17,428 shares of the company’s stock valued at $800,000 after purchasing an additional 262 shares in the last quarter. CreativeOne Wealth LLC increased its stake in First Trust Senior Loan ETF by 4.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 7,186 shares of the company’s stock valued at $329,000 after purchasing an additional 311 shares in the last quarter. Finally, Capital Analysts LLC raised its holdings in shares of First Trust Senior Loan ETF by 3.3% in the fourth quarter. Capital Analysts LLC now owns 9,722 shares of the company’s stock worth $446,000 after buying an additional 314 shares during the last quarter.

First Trust Senior Loan ETF Stock Up 0.1%

NASDAQ FTSL opened at $44.83 on Friday. First Trust Senior Loan ETF has a 12-month low of $44.37 and a 12-month high of $46.15. The company has a fifty day simple moving average of $44.88 and a two-hundred day simple moving average of $45.07.

First Trust Senior Loan ETF Announces Dividend

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

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.