Twin Peaks Wealth Advisors LLC Boosts Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Twin Peaks Wealth Advisors LLC raised its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,804 shares of the company’s stock after acquiring an additional 3,566 shares during the period. First Trust Senior Loan ETF makes up approximately 1.3% of Twin Peaks Wealth Advisors LLC’s holdings, making the stock its 24th biggest holding. Twin Peaks Wealth Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $2,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust Senior Loan ETF by 0.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 94,807 shares of the company’s stock worth $4,381,000 after acquiring an additional 401 shares during the last quarter. Kovack Advisors Inc. lifted its position in shares of First Trust Senior Loan ETF by 17.3% during the first quarter. Kovack Advisors Inc. now owns 66,760 shares of the company’s stock valued at $3,085,000 after buying an additional 9,860 shares during the last quarter. Edge Financial Advisors LLC acquired a new stake in First Trust Senior Loan ETF in the first quarter valued at approximately $444,000. Concourse Financial Group Securities Inc. boosted its holdings in First Trust Senior Loan ETF by 7.3% in the first quarter. Concourse Financial Group Securities Inc. now owns 38,566 shares of the company’s stock worth $1,782,000 after acquiring an additional 2,635 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of First Trust Senior Loan ETF by 1,677.5% in the 1st quarter. BNP Paribas Financial Markets now owns 19,748 shares of the company’s stock valued at $913,000 after acquiring an additional 18,637 shares during the period.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL stock traded up $0.02 on Wednesday, hitting $46.01. The company had a trading volume of 14,866 shares, compared to its average volume of 286,220. First Trust Senior Loan ETF has a twelve month low of $45.01 and a twelve month high of $46.99. The company has a 50-day moving average price of $46.04 and a 200-day moving average price of $46.03.

First Trust Senior Loan ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.29 per share. This represents a $3.48 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Tuesday, October 22nd.

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.