Lokken Investment Group LLC Has $5.73 Million Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Lokken Investment Group LLC cut its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,414 shares of the company’s stock after selling 1,995 shares during the quarter. First Trust Senior Loan ETF makes up 2.7% of Lokken Investment Group LLC’s portfolio, making the stock its 7th largest position. Lokken Investment Group LLC’s holdings in First Trust Senior Loan ETF were worth $5,733,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FTSL. Envestnet Portfolio Solutions Inc. increased its position in shares of First Trust Senior Loan ETF by 25.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,064 shares of the company’s stock valued at $464,000 after acquiring an additional 2,023 shares during the last quarter. Financial Advocates Investment Management bought a new position in First Trust Senior Loan ETF in the fourth quarter valued at approximately $207,000. UBS Group AG increased its position in shares of First Trust Senior Loan ETF by 2.2% during the 4th quarter. UBS Group AG now owns 1,374,490 shares of the company’s stock worth $63,323,000 after purchasing an additional 29,552 shares during the last quarter. Sachetta LLC bought a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth approximately $61,000. Finally, Assetmark Inc. boosted its holdings in shares of First Trust Senior Loan ETF by 189.5% in the 4th quarter. Assetmark Inc. now owns 770 shares of the company’s stock valued at $35,000 after buying an additional 504 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

NASDAQ:FTSL opened at $46.17 on Wednesday. First Trust Senior Loan ETF has a 1-year low of $45.01 and a 1-year high of $46.99. The firm has a fifty day simple moving average of $45.96 and a 200 day simple moving average of $46.06.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were given a $0.29 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date was Wednesday, August 21st.

About First Trust Senior Loan ETF

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.