L & S Advisors Inc Sells 459 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

L & S Advisors Inc lowered its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,397 shares of the company’s stock after selling 459 shares during the period. L & S Advisors Inc’s holdings in First Trust Senior Loan ETF were worth $851,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in First Trust Senior Loan ETF in the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth approximately $32,000. DHJJ Financial Advisors Ltd. grew its position in First Trust Senior Loan ETF by 377.2% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock valued at $36,000 after buying an additional 611 shares during the period. SBI Securities Co. Ltd. purchased a new stake in First Trust Senior Loan ETF during the fourth quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC raised its position in First Trust Senior Loan ETF by 27.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,954 shares of the company’s stock worth $137,000 after acquiring an additional 635 shares during the period.

First Trust Senior Loan ETF Trading Down 0.1 %

Shares of First Trust Senior Loan ETF stock opened at $45.69 on Friday. First Trust Senior Loan ETF has a 1-year low of $45.23 and a 1-year high of $46.55. The company’s fifty day simple moving average is $46.09 and its 200-day simple moving average is $46.17.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.26 per share. This represents a $3.12 annualized dividend and a yield of 6.83%. The ex-dividend date of this dividend is Thursday, March 27th.

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.