Global Assets Advisory LLC Has $22 Million Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Global Assets Advisory LLC boosted its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 4,518.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 476,116 shares of the company’s stock after purchasing an additional 465,806 shares during the quarter. Global Assets Advisory LLC owned 1.00% of First Trust Senior Loan ETF worth $22,001,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Flagstar Advisors Inc. raised its stake in shares of First Trust Senior Loan ETF by 361.2% in the fourth quarter. Flagstar Advisors Inc. now owns 61,938 shares of the company’s stock valued at $2,854,000 after purchasing an additional 48,508 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of First Trust Senior Loan ETF in the 4th quarter valued at $522,000. Axxcess Wealth Management LLC lifted its holdings in shares of First Trust Senior Loan ETF by 8.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 153,025 shares of the company’s stock worth $7,050,000 after acquiring an additional 12,203 shares during the period. PCG Wealth Advisors LLC boosted its position in shares of First Trust Senior Loan ETF by 5.9% during the 4th quarter. PCG Wealth Advisors LLC now owns 33,610 shares of the company’s stock valued at $1,548,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in First Trust Senior Loan ETF by 54.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 75,493 shares of the company’s stock valued at $3,478,000 after acquiring an additional 26,692 shares during the period.

First Trust Senior Loan ETF Stock Performance

First Trust Senior Loan ETF stock opened at $45.98 on Tuesday. The business has a 50 day simple moving average of $46.10 and a 200 day simple moving average of $46.11. First Trust Senior Loan ETF has a one year low of $45.01 and a one year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Tuesday, May 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.