Moors & Cabot Inc. Cuts Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Moors & Cabot Inc. cut its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,009 shares of the company’s stock after selling 422 shares during the period. Moors & Cabot Inc.’s holdings in First Trust Senior Loan ETF were worth $823,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FTSL. Fiduciary Trust Co acquired a new position in First Trust Senior Loan ETF during the 4th quarter valued at about $2,366,000. Adams Wealth Management raised its position in shares of First Trust Senior Loan ETF by 26.4% in the 4th quarter. Adams Wealth Management now owns 82,469 shares of the company’s stock valued at $3,799,000 after purchasing an additional 17,236 shares during the last quarter. Coastwise Capital Group LLC boosted its stake in First Trust Senior Loan ETF by 25.3% in the 4th quarter. Coastwise Capital Group LLC now owns 24,422 shares of the company’s stock worth $1,125,000 after purchasing an additional 4,924 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in First Trust Senior Loan ETF by 31.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 124,979 shares of the company’s stock worth $5,713,000 after purchasing an additional 30,172 shares in the last quarter. Finally, &PARTNERS purchased a new stake in First Trust Senior Loan ETF during the 1st quarter worth approximately $617,000.

First Trust Senior Loan ETF Stock Up 0.0 %

NASDAQ FTSL opened at $46.18 on Thursday. First Trust Senior Loan ETF has a 12-month low of $45.01 and a 12-month high of $46.99. The company has a fifty day simple moving average of $45.97 and a two-hundred day simple moving average of $46.06.

First Trust Senior Loan ETF Cuts Dividend

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

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.